CRFB Releases and Events

September 18 Event: "Defining Moments in Debt"

With Congress returning to DC, eyes are turning towards the fiscal speed bumps that they will face in the fall: funding the government, raising the debt limit, and dealing with the sequester. With the long-term fiscal situation still unsustainable, it is important that lawmakers use these speed bumps as an opportunity to put our debt on a downward path as a share of GDP.

The Long-Term Cost of Delaying Social Security Reform

Last week, we noted that it was the 78th birthday of the Social Security program, but cautioned that reform was needed before we could count on another 78 years of sustainability.

The Analysis of the Analysis: CRFB's Take on CBO's Immigration Estimates

CBO's recent budgetary and economic analyses of the Senate immigration bill have been making waves in the political sphere as lawmakers rush to highlight or disavow the findings of $197 billion of total deficit reduction through 2023 and almost $700 billion in the 2024-2033 period.

An Update of the Fiscal Speed Bumps on the Horizon

Earlier today, CRFB took a look at two of the biggest "fiscal speed bumps" remaining for the year, the exhaustion of extraordinary measures to advert the debt ceiling and the expiration of the continuing resolution funding the government, as well as how to deal with the ongoing sequester. But these are not the only speed bumps on the horizon.

CRFB Looks Toward the Upcoming Fiscal Discussions

On May 19, the debt ceiling was reinstated as the Treasury Department began to use extraordinary measures to prevent running up against the debt limit. Extraordinary measures are expected to be exhausted sometime this fall, also when the current continuing resolution (CR) funding the government is due to expire. In addition, both parties are looking to alter the sequester in some form for future years and will have to figure out what to do with it then.

6/4 Event: "Challenges Facing Social Security"

On Friday, the Social Security and Medicare Trustees will issue their latest report, showing the finances of the two programs and their related trust funds over the next 75 years. The following Tuesday, June 4 at 8 AM Eastern time, the Committee for a Responsible Federal Budget, the Mercatus Center, and Third Way will hold an event discussing the implications of the report for the future of Social Security.

CRFB Breaks Down CBO's Estimate of the President's Budget

As a follow up to our initial reaction to CBO's estimates of the President's budget, CRFB has released a full report that breaks down the analysis from CBO. Under the President's budget, public debt as a percent of GDP would fall from a high of 77 percent in 2014 to 70 percent by 2023.

$2.2 Trillion is the New $2.4 Trillion

In February, we wrote the paper "Our Debt Problems Are Far From Solved," laying out the case for putting debt on a clear downward path as a percent of GDP with $2.4 trillion of additional savings. CBO's improved budget projections have prompted a new round of discussion of what should be the right direction for the budget.

War Spending as Sequester Replacement? Just Don't Do It

With news yesterday that the Senate might consider a bill to replace the sequester for 2013 with a drawdown of war spending, CRFB reacted in a press release, decrying the gimmick for what it is. The bill would specifically put caps on war spending for FY 2014 through 2016 at the levels called for the President's budget -- drawing down war funding from $97 billion this year to $37 billion in FY 2016.

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