CRFB Releases and Events
In light of the recent debates over Social Security, CRFB's latest paper attempts to clarify how the program relates to the federal budget and budget deficits. Some say that Social Security is a completely independent program and contributes nothing to the budget deficit, while others argue that it is in fact the largest government program and adds to overall deficits since it spends more than it takes in. So who's correct?
Meet Edna, a 75-year-old fictitious senior citizen. In the third installment of our "Meet the Generations" series, we take a look how policymakers' action (or inaction) could affect her life, as outlined in CRFB's March 10 paper "America's Fiscal Choices at a Crossroad: The Human Side of the Fiscal Crisis".
In her recent column, Ruth Marcus, of The Washington Post declared:
“Don’t call me a deficit hawk. Call me a deficit panda.”
Seeking a cuddlier image for the mantle of fiscal responsibility, she continues:
Today, a bipartisan group of 64 Senators sent a letter to President Obama urging him to show leadership on reducing the federal deficit and to take a broader approach in addressing our nation's fiscal problems.
Meet Nick, a 24 year old Millennial. In the first installment of our "Meet the Generations" series, we take a look at how the life of Nick (a hypothetical person) will be affected by the fiscal choices our leaders are making now, based on the alternative futures scenarios in CRFB's new paper "America's Fiscal Choices at a Crossroad: The Human Side of the Fiscal Crisis".
Update: Adam Looney of The Hamilton Project participated in today's chat in place of Bill Frenzel - still a very interesting read, check it out below!
Today at 12:30pm, former Congressman Bill Frenzel will be participating in a live chat to answer questions about the on-going budget negotiations. David Mark, senior editor at Politico, will moderate the discussion.
On March 10, the Committee for a Responsible Federal Budget hosted a terrific event entitled America at a Crossroad: The Human Side of the Fiscal Crisis. The event was made possible by the MacArthur Foundation. The purpose was to bring together the major stakeholders and experts on the issues of fiscal reforms, to discuss the benefits of early action to avert a fiscal crisis (whether sudden or gradual) and the calamitous effects a crisis would have on everyday Americans.
Two important events are lined up for today. First, the Senate Budget Committee will hear testimony from Erskine Bowles and Senator Alan Simpson, co-chairs of the President's Fiscal Commission.