2014 Social Security Trustees' Report

    Report: The 2014 CBO Long-Term Budget Outlook

    CRFB Examines Budget Process At Age 40

    Fixing the Highway Fund

2014 Social Security Trustees' Report

  

The Social Security and Medicare Trustees reports provide a detailed projection of each program's finances over the next 75 years. In response, we have condensed the 250-page Social Security report into a concise, 6-page analysis.

Report: The 2014 CBO Long-Term Budget Outlook

  

The Congressional Budget Office (CBO) released its 2014 Long-Term Budget Outlook, detailing the budget picture for the next 75 years. The report shows debt rising as a share of the economy continuously after 2017, a trend which CBO describes as unsustainable over the long run. Read our six-page analysis of the report here.

 

CRFB Examines Budget Process At Age 40

 

Our new paper, The Budget Act at 40: Time for a Tune Up? details many problems facing the current budget process including lack of transparency, lack of accountability, and lack of a long-term focus. These issues have resulted in poor planning and policy around the debt, with the process increasingly becoming ad hoc, ineffective, and short-sighted in practice. Read the blog here.

Fixing the Highway Fund

 

In light of the nearing insolvency of the Highway Trust Fund, CRFB recently released a paper -- Trust or Bust: Fixing the Highway Trust Fund -- along with blogs detailing options to increase revenue, reduce spending, identify new revenue sources, finance a general revenue transfer, and fix the budgetary treatment of the HTF.

 

 

CRFB's Blog: The Bottom Line

July 29, 2014

Eugene Steuerle is the cofounder of the Tax Policy Center, a senior fellow at The Urban Institute, a columnist for Tax Notes Magazine, and a CRFB Board member. This morning, he testified before the House Ways and Means subcommittee on Social Security. Below is a transcript of his spoken remarks, as posted on his blog.

 

With the release of the Social Security Trustees Report, CRFB is holding an event decoding the Trustees Report today, Tuesday July 29, at the Hyatt Regency in Washington, DC. It will start at 8:45 AM Eastern time with opening remarks.

The event will include a heavy-hitting lineup, with remarks by Social Security Chief Actuary Stephen Goss and Reps. Tom Cole (R-OK) and John Delaney (D-MD). In addition, there will be a diverse panel with experts from a wide variety of perspectives, including Goss, the American Enterprise Institute's Andrew Biggs, the Mercatus Center's Jason Fichtner, Third Way's Jim Kessler, and the Center on Budget and Policy Priorities's Paul Van de Water. The panel will be moderated by Damien Paletta of The Wall Street Journal.

July 28, 2014

This afternoon, Chairman Bernie Sanders (I-VT) and Chairman Jeff Miller (R-FL) announced compromise legislation to address the serious problems at the Department of Veterans Affairs. The authors said that the legislation would fund private health care for certain veterans, provide for hiring of additional health care providers by the VA, and make other changes in the VA health care system with a reported net cost of $12 billion.

The Social Security and Medicare Trustees reports provide a detailed projection of each program's finances over the next 75 years. In response, we have condensed the 250-page Social Security report into a concise, 6-page analysis. While Social Security's projections are similar to last year's report -- with the program's finances deteriorating slightly -- this just reinforces the need for lawmakers to make Social Security financially sound for current and future generations.

 
June 4, 2013
CRFB's latest interactive tool "The Reformer" is a handy game that allows users to design their own Social Security plan. Users can select from a wide variety of benefit and revenue changes to make the system sustainably solvent. The tool then shows the effect on the program's finances and benefit and tax levels.
September 27, 2011
If you've ever wanted to design your own corporate tax reform, now you can with our new Interactive Tax Reform Calculator. There is no question that the U.S. corporate tax system is badly in need of reform, and leaders in both parties have been pursuing this goal.

CRFB Projects

The Campaign to Fix the Debt is an unprecedented and bipartisan coalition that seeks to mobilize members of business, government, and policy communities to urge Congress and the President to enact a comprehensive debt deal.

The Moment of Truth (MOT) project is a non-profit, non-partisan effort that seeks to foster honest discussion about the nation’s fiscal challenges, the difficult choices that must be made to solve them, and the potential for bipartisan compromise that can move the debate forward and set our country on a sustainable path.