Budgets & Projections
Latest
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CBO Report Parses the Reasons for Part D's Slow Growth
Read moreThe last few months have seen a number of new ideas to save money in Part D of Medicare by encouraging more efficient use of drugs by prescription...
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McCarthy Suggests Increased Focus on Long-Term Budgeting
Read moreHouse Majority Leader Kevin McCarthy (R-CA) tells Politico that his priorities for the next Congress include the budget process, and in particular...
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Why the 40-Year Average is a Poor Benchmark
Read moreIn response to Howard Gleckman's piece on the FY 2014 deficit where he noted that the budget had returned to "normal," Donald Marron wrote that the...
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How CBO Accounts for Anti-Fraud Efforts
Read moreFraud -- along with the closely related waste and abuse -- is too often cited as a big factor affecting our high deficits, even though this is not the...
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My View: Alan Simpson and Erskine Bowles
Read moreAlan Simpson and Erskine Bowles are the former chairs of the Simpson-Bowles Fiscal Commission and members of the Committee for a Responsible Federal...
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Gleckman: A Return to Fiscal Normalcy but Not For Long
Read moreIn response to the release of final FY 2014 deficit numbers, Tax Policy Center's Howard Gleckman writes that this year's outcome just returns the...
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The More the Budget Changes, the More Things Stay the Same
Read moreWith FY 2014 officially in the book, it’s time to look back at how spending and revenues have changed since the FY 2009’s highest nominal deficit of...
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Why Has the Deficit Come Down Faster Than Expected?
Read moreWe noted in our discussion of the final Monthly Treasury Statement for 2014 that the deficit has fallen by two-thirds since 2009 after rising by...
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Report: Deficit Falls to $483 Billion, but Debt Continues to Rise
Read moreThis paper has been updated for FY 2015 and is now located here. Original October 8th: the Congressional Budget Office (CBO) projected the FY 2014...
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Update: Falling Deficit is Not a Sign of Fiscal Sustainability
Read moreWith the Treasury Department's year-end Monthly Treasury Statement having been released, we have revised last week's report today showing what the...
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How Medicare Part D's Low-Income Subsidy Could Work Better
Read moreDuring the recent slowdown in Medicare spending, the prescription drug portion of the program, Part D, has been the lead actor in the story. The...
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The Concern Has Always Been Long-Term Deficits
Read moreWith the FY 2014 deficit continuing a trend of falling deficits over the past few years, some commentators have argued that budget hawks are...