CRFB Releases and Events
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.
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."
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.
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.
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: