Call for Papers on Improving SSDI Program

    Stabilize the Debt

    CRFB Analyzes CBO’s Updated Budget, Economic Forecast

    The Cost of Delay on Social Security

Call for Papers on Improving SSDI Program
Former Congressmen Jim McCrery (R-LA) and Earl Pomeroy (D-ND) launched the McCrery-Pomeroy SSDI Solutions Iniatitive, a bipartisan effort to identify potential improvements to the Social Security Disability Insurance (SSDI) program. The goal of the initiative is to provide policymakers with options to improve the SSDI program in advance of the its 2016 projected insolvency date. Proposals should be submitted by Nov. 1, 2014.  
Stabilize the Debt

 

The long-term debt of the United States is rising to unprecedented – and unsustainable – levels. Everyone has an opinion on what should be done about America's finances. Here's your chance to try out your ideas. Read the blog.   

 

 

 

CRFB Analyzes CBO’s Updated Budget, Economic Forecast

 CRFB published a new 6-page paper summarizing CBO’s latest Budget and Economic Outlook. CBO estimates that federal debt will fall slightly to below 73 percent by 2018 but, beyond that, debt levels will resume their upward trend, reaching 77.2 percent of GDP in 2024. This growing debt is largely the result of a projected rise in spending levels not matched by equivalent increases in revenue.   

 

 The Cost of Delay on Social Security

 

Social Security is on a path to insolvency and unable to pay full benefits by 2033. A solution is achievable, but becomes much more expensive if our leaders in Washington procrastinate. Waiting until 2033 will increase the size of the required benefit cuts or tax increases by 50 percent. Read more here or try "The Reformer" to create your own plan for closing the shortfall.

  

CRFB's Blog: The Bottom Line

Congress might not be too popular these days, but quietly a week and a half ago, they passed a small but important bill that could pave the way for Medicare delivery system reforms. Just before leaving town, the House and the Senate each passed the Improving Medicare Post-Acute Care Transformation, or IMPACT Act of 2014 (H.R. 4994), by unanimous consent.

Few topics elicit more yawns than a deep dive into accounting standards; yet, there may be good reasons to grab a cup of coffee and pay attention to the way our government does its bookkeeping. As a National Affairs article by Jason Delisle and Jason Richwine and a Congressional Budget Office (CBO) report on federal mortgage guarantees remind us, accounting methods can make a big difference for budget projections.

September 29, 2014
Medicare Shortfall Demands Attention

Judd Gregg, a former Republican senator from New Hampshire, served as chairman of the Senate Budget Committee from 2005 to 2007 and ranking member from 2007 to 2011. He recently wrote an op-ed featured in The Hill. It is reposted here.

At Dartmouth College in New Hampshire, there was recently a gathering of major healthcare public policy experts, senior staff of congressional health committees, and people concerned about both the health of Medicare and the health of the nation’s fiscal situation.

September 25, 2014

Despite partisan differences in Washington, there's actually considerable bipartisan consensus around many elements of tax reform. That's the conclusion of a new report by the Center for American Progress (CAP). The report includes two dozen specific policies to raise $1.4 trillion of revenue over ten years that have been proposed by both Republicans and Democrats, although notably the proposals from Republicans were part of a fundamental tax reform plan that was revenue-neutral overall. Most of the consensus policies come from the President's budget and House Ways and Means Chairman Dave Camp's (R-MI) Tax Reform Act of 2014.

 
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.