McCrery, Pomeroy Announce Effort to Improve SSDI Program

    Congress is Back in Session, Briefly

    CRFB Analyzes CBO’s Updated Budget, Economic Forecast

    The Cost of Delay on Social Security

McCrery, Pomeroy Announce Effort to Improve 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.  
Congress is Back in Session, Briefly

 Congress has several impending fiscal speed bumps to navigate, including avoiding a government shutdown on Sept. 30. The House will vote soon on a continuing resolution to fund the government beyond that date. Read Appropriations 101 to learn the basics about the appropriations process. Our blog, Appropriations Watch: FY2015, has the latest updates.  

 

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

The Center for Medicare and Medicaid Services released some good news for health care reformers today -- the results of two different Accountable Care Organization (ACO) programs in 2013. Twenty-three Pioneer ACOs and 220 ACOs in the Medicare Shared Savings Program (MSSP) generated $372 million of savings for Medicare and also qualified for shared savings payments of $445 million. Both programs also performed well on quality benchmarks and patient experience. ACOs are one model that reformers hope will provide a path forward for better coordinating care across health care settings and among providers.

September 17, 2014
House to Vote on CR Today

Update: The House Rules Committee made in order an amendment by Armed Services Committee Chairman Howard McKeon (R-CA) to authorize funding to arm the Syrian opposition to fight the Islamic State terrorist group. The amendment does not appropriate new funding, it only allows the Department of Defense (DoD) to request transfers or reprogramming from existing Overseas Contingency Operations (OCO) funding for this purpose.

House Appropriations Committee Chairman Hal Rogers (R-KY) this week released the text of a continuing resolution, or CR, (see Appropriations 101 to learn more) to fund the federal government after September 30, 2014. The legislation, which will likely receive a vote in the House next week, continues funding for all programs, projects, and activities at current levels through December 11, 2014, with small changes. If this CR is signed into law,  lawmakers will need to revisit appropriations some time before December 11 to continue funding the government through enactment of full year appropriations or a further CR.

 

Earlier in the week, we highlighted a portion of CBO Director Doug Elmendorf's presentation at Cornell University that showed increased resources going to health care, Social Security, and interest spending to the detriment of the rest of the budget. In addition, the slideshow also contained other helpful charts showing how the federal budget could change over the next decade, the choices policymakers face to alter the trajectory of debt, and a further look at the impacts of the Affordable Care Act. Here are some of the more interesting charts from that presentation.

Former Congressmen Jim McCrery (R-LA) and Earl Pomeroy (D-ND) today launched the McCrery-Pomeroy SSDI Solutions Initiative, a bipartisan effort to identify potential improvements to the Social Security Disability Insurance (SSDI) program.

The goal of the SSDI Solutions Intiative will be to solicit practical, implementable, and thoughtful ideas to improve the SSDI program through a "call for papers," a peer-review process, and an academic-style conference.

 
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.