CRFB Releases and Events

CRFB Comments on the CBO Outlook

CRFB's newest paper dives into the set of projections underlying CBO's Long Term Budget Outlook. The report shows two very divergent paths for the budget over the long-term, both of which would present formidable challenges for the U.S. economy for very different reasons.

Dynamic Scoring Explained

What is dynamic scoring? How are legislative proposals currently scored? CRFB's latest policy paper details the process and methods that the Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT) use to estimate the budget impact of legislation and the pros and cons of supplementing that process with "dynamic scoring."

CRFB’s Simulator: A Tool for Fixing the Budget

To hear the news coming out of Washington, finding the route to fiscal stability can be pretty hopeless as our leaders all steer in different directions. If only we had a GPS! Well, maybe we do.

CRFB Breaks Down the Social Security Trustees Report

With the release of Trustees reports on Social Security and Medicare, CRFB has released its analysis of the Social Security report, breaking down the sources of deterioration in the projection and what it means for the program.

Next Stop on the National Debt Tour: Roanoke, Virginia

Today, the National Debt Tour -- a nationwide discussion with policymakers, fiscal experts and business leaders pushing for a major deficit reduction solution in 2012 -- hits Roanoke, Virginia.

A Short History of CRFB's Budget Simulators

Congressional Quarterly's John Cranford has a nice profile of CRFB's "Stabilize the Debt" budget simulator. If you have not done so already, it is worth a run-through to get an idea of the kinds of choices that must be made to put debt on a downward path. Interestingly, Cranford also reminds readers of past efforts CRFB has done to quantify the impact of different budget options:

What Congress Should Do With the Fiscal Cliff

With a large number of policies set to expire or kick in at the end of the year, with serious fiscal impacts, CRFB has released a paper laying out the optimal path for policymakers to take to avoid both a short-term economic hit from the fiscal cliff and the long-term economic consequences of not dealing with our rising debt. The solution? You guessed it -- making smart, gradual, and targeted reforms to the key drivers of our debt.

CRFB Continues the "National Debt Tour"

As part of a continued national discussion on fiscal responsibility, The Wall Street Journal's Viewpoints Executive Breakfast Series will host Fiscal Commission Co-Chairs Erskine Bowles and Alan Simpson along with New York City Mayor Michael Bloomberg in New York City tomorrow.

CRFB Compares the Major Deficit Reduction Plans

Comparing fiscal plans can often be a difficult task. The plans may use different baselines, use different ten-year windows, have different estimates for the same policy, or use some magic asterisks to try to make everything add up. Seeing how the plans stack up on the same basis often requires digging through a lot of numbers and cutting through a lot of claims. But no more!

The War Gimmick Simplified

With CBO recently having scored President Obama's 2013 Budget Request, included within the total score is a score of a policy known as capping Overseas Contingency Spending. While this is a good policy, this policy, when coupled with counting it is deficit reducing or using it to offset other spending, which President Obama, like many others before him, have done, is quite simply a gimmick.

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