Blog
Welcome to our blog – The Bottom Line, where you’ll find up-to-date commentary and analysis on the most important news in the fiscal world. Below is a list of our blog posts.
Gates Announces Plan for Defense Spending Cuts
Yesterday, Defense Secretary Robert Gates held a press conference in which he announced sweeping DoD budget cuts. Gates proposed the dismantling of...
CRFB Releases Analysis of Medicare Trustees Report
Today, CRFB released its analysis of the Medicare Trustees’ report on health care cost projections (for an analysis of the Social Security Trustees...
Social Security: One Program, Two Viewpoints
This week, The Bottom Line will be celebrating Social Security’s upcoming 75th birthday on August 14th, and our main present is a comprehensive look...
‘Line’ Items: Coming and Going Edition
Gone and Back – The Senate has left for its August recess, the House will return this week (for a day). Congress will be back in session after Labor...
Memo to Policymakers: Expectations Matter
Our policymakers need to focus more how shaping and managing fiscal expectations can help us get our fiscal house in order while supporting growth at...
Beyond Solvency
When we think about Social Security reform, we tend to look at options in terms of their impact solvency -- measured over a 75 years period. In their...
MARKETWATCH: August 2-6
Today’s disappointing employment report (unexpectedly, June was revised downward and July was weak) prompted a Treasury rally, attributed by the...
Social Security and Medicare Trustees Report Released
Today, the Social Security and Medicare Trustees released their annual reports on the financial status of the two programs. The Trustees now project...
The Wrong Targets
CRFB has been calling for policymakers to set fiscal targets for some time. Apparently we haven’t been clear enough on what that means. Unfortunately...
The Importance of PAYGO
The Wall Street Journal reports that a package of tax extenders might have a harder time getting by the PAYGO regime. Since the planned offsets were...
Three Economists Testify Before Senate Budget Committee
Yesterday morning, Richard Berner of Morgan Stanley, Simon Johnson of MIT, and Joel Naroff of Naroff Economic Advisors testified before the Senate...
Celebrating and Strengthening Social Security
Since Social Security was signed into law by Franklin D. Roosevelt on August 14, 1935, it has become the largest government social insurance program...