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.
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U.S. Debt: Not Bound by our Borders
With U.S. debt held by the public on track to exceed 100% of the economy in a little over a decade, policymakers must come together now and implement...
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Update on House Activities: Debt Ceiling, CR, and Defense Bill
The House has been extremely busy today, not only passing a $154 billion jobs bill but also passing a temporary continuing resolution, the defense...
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House Passes $154 Billion Jobs Package
This afternoon, the House passed a $154 billion economic aid package. Below we have listed the major spending areas within the bill: Spending...
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Penny and MacGuineas in the Press
Tim Penny, co-chair of the Peterson-Pew Commission on Budget Reform, was interviewed today for an hour on his home state public radio station. Saying...
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Note to Citi: Get Your Fiscal House In Order!
The IRS has agreed to give up billions in tax money in exchange for Citigroup’s repurchase of $20 billion of its assets held by TARP. In a notice...
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Deficit Commission Debated
Differing views on creating a deficit commission were aired at a Capitol Hill forum yesterday sponsored by the Cato Institute. The proposal, which is...
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Event Recap: Release of 'Red Ink Rising'
On December 14, the Peterson-Pew Commission on Budget Reform hosted a public event at the National Press Club to announce the release of its report...
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GM and Wells Fargo Jump on the Bandwagon
General Motors and Wells Fargo have both just announced that they intend to repay all of the $6.7 billion and $25 billion, respectively, in...
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And the Winner Is...
Earlier this year the White House created a contest for federal employees that was focused on producing real ideas that would yield monetary savings...
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Peterson-Pew in the Press
The Peterson-Pew Commission’s “Red Ink Rising” plan for American lawmakers has earned some black ink worldwide too since its release, not to mention...
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Another Issue with Using TARP Funds for Other Purposes
According to a Donald Marron, reallocating TARP funds to use for other purposes (such as a jobs bill) may violate the letter of the law (and certinaly...
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Release of 'Red Ink Rising'
Warning that the out-of-control federal debt places the economic future of our nation at risk, the Peterson-Pew Commission on Budget Reform this...