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    Debate the Debt

    Economics of the Fiscal Cliff

    Between a Mountain of Debt and a Fiscal Cliff

    Deficit Reduction Plan Comparison Tool

Debate the Debt

The national debt is rising. So should the dialogue on how to address it. The Committee for a Responsible Federal Budget is calling for one of the three Presidential debates scheduled for this fall to be focused entirely on how the candidates would realize the $4-6 trillion in savings over the next decade that experts agree is necessary to begin to put our fiscal house in order.   

Read the full statement here

#DebateTheDebt


Economics of the Fiscal Cliff

 

In follow-up to the recent release of CRFB's fiscal cliff paper, this post on the "Bottom Line Blog" takes a more detailed look at the effect of the fiscal cliff on the economy, including the impact of the $1.2 trillion in mandatory cuts under the scheduled sequester.

 

 

Between a Mountain of Debt and a Fiscal Cliff

 

Today, CRFB released an analysis of the fiscal changes set to take effect at the end of the year and early next year. CRFB argues that the best scenario would be for lawmakers to enact smart, gradual, deficit reduction measures to avoid both a fiscal cliff and a mountain of debt in the future.

Click here to read the full report.

 

Deficit Reduction Plan Comparison Tool

 

CRFB's deficit-reduction plan comparison tool provides side-by-side comparisons of the many deficit reduction plans that have been developed.

 

We're thrilled with the many comprehensive plans that have sprung up over the last year, and our website is a great way to track and compare them.

 

CRFB's Blog: The Bottom Line

We have been warning for a few months now about the potential consequences of the fiscal cliff -- and adding to the debt by averting it all together. As it turns out, the short-term economic consequences may already be occurring, according to a recent Washington Post article.

Former President Bill Clinton joined the Announcement Effect Club at the Peter G. Peterson Foundation's Fiscal Summit yesterday in a Q&A session with Tom Brokaw (you can see the video of it here).

On Sunday, Fiscal Commission co-chair and former White House Chief of Staff Erskine Bowles delivered a speech at American University's School of Public Affairs Commencement. Apparently, the message hit home for Ben Ritz, Chair of Fiscal Policy and Policy Caucus Director of AU's College Democrats.

 

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May 19, 2010

CRFB encourages you to check out our budget simulator: Stabilize the Debt!

It's no secret that America's finances are a mess. The problem of our mounting debt can't be solved overnight, but we need to start addressing it now. In this online simulator, visitors get to make the hard choices themselves in order to stabilize the debt at 60% of GDP by 2018.

June 16, 2011

Check out CRFB's Fiscal Plan Comparison Tool!

The Comparison Tool is an interactive website that allows users to compare up to 3 fiscal plans side-by-side. A countless number of budgets or fiscal plans have been released in the past year and a half, and our new website is an easy way to compare and keep track of them.

CRFB Projects

The Moment of Truth (MOT) project is a non-profit, non-partisan effort that seeks to foster honest discussion about the nation’s fiscal challenges, the difficult choices that must be made to solve them, and the potential for bipartisan compromise that can move the debate forward and set our country on a sustainable path.

CRFB - along with many other lawmakers, business leaders, former government officials, and organizations - is calling for Congress and the White House to "Go Big" to enact savings sufficeint to stabilize and reduce debt as a share of the economy.

The bipartisan Peterson-Pew Commission is made up of the country's most seasoned federal budget policymakers. The commission is supported by the Peter G. Peterson Foundation and The Pew Charitable Trusts.