Blog
Welcome to our blog – The Bottom Line, where you’ll find up-to-date commentary and analysis on the most important news in the fiscal world. Below is a list of our blog posts.
William Hoagland: It’s time for both parties to own the debt — and then address it
G. William Hoagland is senior vice president at the Bipartisan Policy Center and a member of the Committee for a Responsible Federal Budget. He...
Extensions Would Wipe Away President's Deficit Reduction
We were very encouraged by the President’s call for $3 trillion of ten-year deficit reduction in his Fiscal Year (FY) 2024 budget proposal. However...
Lawmakers Reintroduce Sustainable Budget Act
Lawmakers in both chambers of Congress recently reintroduced the Sustainable Budget Act, with Representatives Ed Case (D-HI) and Steve Womack (R-AR)...
Comparing CBO’s Economic Projections to Other Forecasts
Growth in the economy will slow over the coming year as unemployment rises and inflation eases modestly, according to the Congressional Budget Office...
Maya MacGuineas: Doing nothing on Social Security and Medicare will be a painful and costly decision
President Joe Biden and former President Donald Trump share little in their political philosophies and governing styles. But both have demonstrated...
House Freedom Caucus Proposes up to $3.7 Trillion in Savings for Debt Ceiling Vote
The House Freedom Caucus released today a proposal for the upcoming debt ceiling negotiations. Its members call for repealing the announced student...
Maya MacGuineas: Is cutting the deficit by $3 trillion enough? Not even close
This is a particularly important year for budgeting given three things: the need to lift the debt ceiling, the nation’s dangerous fiscal trajectory...
An Overview of the President's FY 2024 Budget
Moments ago, the Biden Administration released its Fiscal Year (FY) 2024 budget proposal, outlining some of the President's tax and spending...
2022 Inflation Hit a 41 Year Record
Inflation surged at the fastest pace since 1981 last year, based on the final Consumer Price Index (CPI) and Personal Consumption Expenditure Price...
The Debt Ceiling and Fiscal Reforms
With federal debt subject to the limit currently at $31.38 trillion, the federal government has officially run up against its debt ceiling. In January...
Good Management of Medicare Advantage is Not a “Cut” to Medicare
Although politicians often speak of wanting to target “waste, fraud, and abuse” in government programs, there is currently an effort to prevent the...
81 Percent of Spending Growth Will Come from Health Care, Social Security, and Interest
The Congressional Budget Office (CBO) projects that budget deficits will double from $1.4 trillion in Fiscal Year (FY) 2023 to nearly $2.9 trillion by...