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.
Projecting Defense Spending
In a recent report, CBO estimated the base defense budget from 2012 out through 2030 using the Defense Department's Future Years Defense Program (FYDP...
MY VIEW: Dan Crippen
In today's Washington Post, CRFB board member Dan Crippen makes the case for closing the tax loophole for online retailers. Mr. Crippen argues that...
Getting All A-Twitter on the Budget
It’s hard to deny that Twitter has become an important medium, having recently surpassed 300 million registered users. The White House has recognized...
Understanding the Long Term Budget Projections
As if we didn't have enough on CBO's Long Term Outlook last week, we have more long-term budget projections, this time in the form of CRFB's Realistic...
Farewell to QE2
June has come to a close. With that also comes an end of the second round of quantitative easing, known as QE2. QE2 started off small in August 2010...
Senate Armed Services Committee Report
As our nation’s debt continues along its unsustainable path, it has become increasingly essential for a comprehensive fiscal plan that targets all...
GAO Study: Complexity of Tax Code is Costly
Yesterday the Government Accountability Office (GAO) released a study on the complexity of the federal tax code at a Senate Finance Committee hearing...
Senators Lieberman and Coburn Release Medicare Proposal
Earlier today, Sens. Joe Lieberman (I-CT) and Tom Coburn (R-OK) released a Medicare reform proposal similar to one that Sen. Lieberman proposed a few...
CRFB's Maya MacGuineas Says U.S. Must Raise Debt Ceiling
Yesterday CRFB President Maya MacGuineas appeared on Bloomberg Television to talk about how imperative it is to address our dire fiscal outlook while...
The Consequences of Default
Last week the Economist published an article entitled America's debt ceiling: The mother of all tail risks. This article explains what could happen if...
CBO Makes the Case for Strict Pay-As-You-Go (PAYGO) Rules
In their recent Long Term Outlook, CBO shows the nation to be on an unsustainable fiscal path if we continue our current policies. Under its...
MY VIEW: Erskine Bowles and Alan Simpson June 2011
In a recently published op-ed in The Hill, CRFB board members Erskine Bowles and Alan Simpson write that a serious fiscal reform plan must be agreed...