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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President's Budget Gets Serious About Cutting Waste, Fraud, and Abuse
Update: the tables in this post have been updated with estimates from CBO's analysis of the President's FY 2020 budget. CBO does not provide specific...
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CBO's Updated Baseline Shows Grim Outlook
Today, the Congressional Budget Office (CBO) released its updated budget projections. The projections are relatively similar to January and continue...
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Social Security Shortfall Could Be Worse Than Reported
The 2019 Social Security Trustees Report estimates the program's trust funds face a 75-year actuarial shortfall of 2.78 percent of taxable payroll...
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Watch: Unpacking the Social Security Trustees' Report
The Committee for a Responsible Federal Budget hosted a lunch and panel discussion today on Unpacking the Social Security Trustees' Report. You can...
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Social Security Will Start Spending Trust Fund Reserves Next Year
The 2019 Social Security Trustees' report reminded us that Social Security faces large and rising imbalances, projecting that the theoretically...
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The Good News on Social Security: We Have More Time to Improve Disability Insurance
This week's Social Security Trustees' report warned that the program is on a path toward insolvency, with the theoretically combined trust fund set to...
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How Old Will You Be When Social Security's Funds Run Out?
The Social Security Trust Funds are on a path to run out. Use this tool to find out what you stand to lose unless Washington acts.
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Quick Take: Social Security & Medicare Headed For Insolvency in 16 & 7 Years
The Social Security and Medicare Trustees have released their reports on the financial state of their programs. Both reports show the programs need to...
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GAO: "Federal Government Is on an Unsustainable Fiscal Path"
The Government Accountability Office (GAO) recently released its long-term budget projections, and, like other forecasts, it projects that debt will...
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Maya MacGuineas & Ed Rendell: Tax Day Trauma: Paying for Our Massive National Debt
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. Governor Ed Rendell is the...
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Maya MacGuineas and Mike Murphy: Disastrous Record Deficits Threaten US Future
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and Mike Murphy is director of the Committee's new initiative, FixUS...
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House Spending Plan Would Increase Discretionary Spending to Record Levels
The House Budget Committee proposal to raise the caps on discretionary spending would add over $2 trillion in projected debt over the next decade...