CRFB Releases and Events
What a year it's been! 2011 certainly had plenty of budget and fiscal policy developments that kept all of us at CRFB pretty busy. We wish that meant we could say that this was the year of a fiscal plan. Funny enough, we said the exact same thing last year, when we took a look back at 2010 and hoped for a fiscal plan in 2011. But now we really mean it this time when we say we're confident that 2012 will be the year of the fiscal plan!
With so many provisions set to expire at the end of the year, CRFB has released a new paper that details what lawmakers have to extend and how they can do it in a fiscally responsible way.
It's clear that any solution to control our rising debt will have to be bipartisan, not only to enact savings put to see them through and ensure they materialize. That's why CRFB is committed to a bipartisan approach, and is willing to work with lawmakers across the political spectrum who want to tackle our debt challenges.
How does an average American get more involved in the Go Big effort?
Today, CRFB posted a Citizens' Resource Page to answer just that. As you can expect from the name, the page provides a number of resources for citizens to get engaged in the deficit debate and plenty of links to educational resources and information about the budget.
We receive a fair amount of e-mails from concerned citizens every day, be it questions, concerns, comments, or just general thoughts. Every so often, we receive a comment that truly encapsulates what CRFB is striving for and why.
Today, we want to share such a letter we just recently received:
With the Super Committee deliberating and the window for committee submissions passed, CRFB has released an analysis and a corresponding slide show making the case for why Go Big could in fact improve the chances of the Super Committee's success in achieving at least its $1.2 trillion savings mandate.
Last week, in our analysis of the President's submission, we noted how the President's submission to the Super Committee nearly stabilizes debt, but not fully, this decade and how much more will be needed to actually put debt on a clear downward path.
We stated that:
At our "Urging the Super Committee to Go Big" event, we showed videos with a number of budget experts and former government officials, talking about our debt problem and the need for the Super Committee to exceed its savings mandate. So, for those who missed it or want to view them again, we have posted them below.
On Wednesday CRFB hosted a three-panel discussion made up of lawmakers and budget luminaries urging the Super Committee to “Go Big” and develop a large-scale debt reduction package sufficient to stabilize the debt as a share of the economy. All panelists supported the notion that the minimum amount of savings tasked to the super committee, between $1.2 and $1.5 trillion, is an insufficient target for putting the budget on a sustainable path. A video of the event will soon be available, so check back on our homepage.
In the past few weeks, CRFB and many others -- including 36 Senators from both sides of the aisle, the Blue Dogs, and more than 60 business leaders, former government officials, and other budget experts -- have been calling for the Super Committee to ‘Go Big’ and exceed their mandate of finding $1.5 t