One-Stop Shop for Budget Reform Tools

 

For the convenience of lawmakers and their staff, the media, and the public, below we have created a one-stop trove of useful fiscal policy tools and resources.  In addition to a comprehensive set of budget reforms, we include information about specific tools for getting back on a sustainable fiscal path, similar recommendations from others, and a useful guide for comparing the many comprehensive deficit-reduction plans.

 

The paper Path to Debt Stabilization: A Comparison of Debt Triggers compares and contrasts the trigger mechanism included in the President's Plan for Economic Growth and Deficit Reduction with the trigger mechanism described in the latest PPC report, Getting Back in the Black.
 
In Peterson-Pew Fiscal Targets: Ten Issues in Designing a New Debt Failsafe, we explore in greater detail some of the decisions that need to be made regarding the creation of a mechanism that would automatically restrict growing debt if lawmakers failed to do so.
 
There are plenty of tools available to help fix our broken budget, but which should we use? The new Fiscal Toolbox from the Peterson-Pew Commission offers guidance in choosing the right instrument.
 
Getting Back in the Black is a comprehensive set of budget reform recommendations developed by the Peterson-Pew Commission on Budget Reform over a period of more than two years. The report concentrates on three primary areas of improvement: fiscal targets, budgetary triggers similar to a debt failsafe, and improved transparency.
  
CRFB's Deficit Reduction Plan Comparison Tool provides side-by-side comparisons of the many deficit reduction plans that have been developed. We are thrilled with the many plans that have sprung up over the last several months, and our new website is a great way to track and compare all the comprehensive plans.