CRFB Releases and Events
CRFB has just released a new analysis of CBO's updated Budget and Economic Outlook. The CBO updates its baseline every year in January, March, and August to account for changes in its forcasting of the Current Law and Alternate Fiscal Scenario (AFS) baselines. Below is the current law projection for each baseline that CBO has produced this year.
A week ago, the Campaign to Fix the Debt launched the "Citizen's Petition to Fix the Debt," demanding that Congressional leaders and the president work together to fix the debt. Today, over 92,000 concerned citizens have pledged their support for this effort. Over 50,000 signatures were gained in the first 48 hours alone.
Earlier today, the New America Foundation held the event "Red Ink: Inside the High-Stakes Politics of the Federal Budget", focusing on Wall Street Journal economics editor David Wessel's book of the same name. The event also included CRFB senior policy director Marc Goldwein and was moderated by New America fellow Noam Scheiber.
On Friday, join CRFB senior policy director Marc Goldwein as he discusses Wall Street Journal writer David Wessel's newest book Red Ink: Inside the High-Stakes Politics of the Federal Budget.
In light of the Commission on Presidential Debates announcing the debate format for this year's presidential cycle, CRFB once again called for a debate where the two presidential candidates present detailed plans for reducing the debt. The three debates will have one focused on foreign policy, one on domestic policy, and one "town hall-style" debate.
With the roll out of the Campaign to Fix the Debt on Tuesday, there has been plenty of statements of support, as our newest release shows. Some of these statments have come from the co-founders, co-chairs, and Steering Committee members of the Campaign, but there are also plenty of supporters outside the campaign.
Yesterday, the Campaign to Fix the Debt officially launched with a press conference at that National Press Club. The Campaign is intended to drum up support from people across the country for a bipartisan fiscal plan that prevents the exponential rise in debt that is projected to happen. It will also provide resources and ideas for lawmakers who want to be a part of this solution.