Mitch Daniels, Leon Panetta, Tim Penny Named CRFB Co-Chairs

 “We are uncommonly lucky to have these three great leaders join together to lead the Committee for a Responsible Federal Budget,” said Maya MacGuineas, president of the Committee. “Between them, they have written several books; led states, congressional committees, and federal agencies; and headed the Office of Management and Budget—not to mention all being well-known leaders in calling for fiscal responsibility.”

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CRFB Breaks Down the Social Security Trustees' Report

Following the release of the 2015 Social Security Trustees' report, CRFB has released a report summarizing the myriad statistics and projections that the Trustees published. Our report discusses the solvency of both the disability and old-age portions of the program, the long-term shortfall of the program, and how the projections changed since last year. Click here to read the blog series.

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Second Half of the Year Means Plenty of Fiscal Speed Bumps Ahead

As we move past the midpoint of 2015, several fiscal deadlines are fast approaching. Congress is preparing to act on two important Fiscal Speed Bumps in Congress: the pending insolvency of the Highway Trust Fund, and the upcoming deadline for the retroactive renewal of tax extenders. Our updated infographic illustrates these and other Fiscal Speed Bumps ahead.

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Appropriations Watch: FY 2016

The appropriations process is in full swing on Capitol Hill.  As we did last year, we'll be tracking the bills as they move from committee to the House and Senate floor, and on to the President's desk. This blog shows the status of each appropriations bill. To learn more about the appropriations process, read our report: Appropriations 101.

 

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CRFB's Blog: The Bottom Line

Charles Blahous, one of the public trustees for Medicare and Social Security, has released a Guide to the 2015 Social Security Trustees Report. The summary explains why Social Security's finances are unsustainable, including rising beneficiary-to-worker ratios and growth in per-capita benefits, and urges policymakers to act now to fix the problem so that the required changes are not as sudden or burdensome.

The Office of the Actuary (OACT) at the Centers for Medicare and Medicaid Services (CMS) has released its latest National Health Expenditure (NHE) projections. Although the latest numbers show that 2013 spending growth was very low at 3.6 percent, CMS continues to predict a pick-up in growth beyond that as the coverage expansions in the Affordable Care Act go into full effect and recent favorable trends at least partially reverse. The overall NHE projections are very similar to the previous ones in September of last year, with 2014-2023 health spending now about $95 billion (0.2 percent) lower than they previously estimated and spending as a share of GDP slightly higher in the short term.

July 31, 2015
A simple pledge to tackle our exploding debt

Charlie Stenholm is a former member of Congress from Texas and is a member of the Committee for a Responsible Federal Budget. He wrote a commentary that appeared in The Hill. It is reposted below.

 

July 31, 2015
Medicare at Middle Age

Loren Adler, Research Director for the Committee for a Responsible Federal Budget, wrote a guest post that appeared on the RealClearPolicy blog. It is reposted here.

 

 
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.

Join Our Team!

Current job opportunities at the Committee for a Responsible Federal Budget include:

  • Director of the Fiscal Institute
  • Legislative Director
  • Policy Analyst, Fiscal Institute

Learn more

CRFB Projects

The McCrery-Pomeroy SSDI Solutions Initiative is dedicated to identifying practical improvements to the Social Security Disability Insurance (SSDI) program. The SSDI Solutions Initiative is calling for academic papers on innovative ways to make the SSDI program better serve workers with disabilities, those who pay into the program, and the economy as a whole.

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.

There is a growing consensus that the budget process is broken. The Better Budget Process Initiative will put forward specific options to reform and improve the budget process in a wide range of areas, including increasing focus on the long-term fiscal outlook, improving the process for dealing with the debt limit, strengthening statutory budget enforcement, revising the content and structure of the budget resolution, moving to biennial budgeting, and addressing treatment of tax expenditures in the budget process.