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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WATCH: Leon Panetta Testifies Before Budget Process Committee
Committee for a Responsible Federal Budget co-chair Leon Panetta testifies before the Joint Select Committee on Budget and Appropriations Process...
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Ways and Means Committee Considering $92 Billion of Tax Cuts
The House Ways and Means Committee today is marking up a package of 11 tax bills related to health care. The Joint Committee on Taxation (JCT)...
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Does CBO "Expect the TCJA to Significantly Boost" the Economy in 2018?
UPDATE: The FRBSF paper has been corrected to remove the erroneous claim that CBO’s growth estimates are well in excess of theirs. The below fact...
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Budget Process Changes in the FY 2019 House Budget
The Fiscal Year 2019 House budget resolution contains a number of interesting budget process proposals. The budget passed out of committee last month...
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By 2048, Only 6% of the Budget Will Go to Children
The Congressional Budget Office's (CBO) recent long-term budget outlook not only forecasts rapidly rising levels of debt but also suggests a declining...
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CBO Projects Social Security Will Run Out of Funds in 13 Years
As we've warned many times before, Social Security is rapidly headed toward insolvency. Recent projections from CBO's Long-Term Budget Outlook suggest...
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Health Care Spending in the Long-Term Outlook
The Congressional Budget Office's (CBO) long-term outlook shows debt reaching an all-time record as a share of GDP by 2034 and nearly doubling as a...
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The Deficit Is Not "Coming Down Rapidly"
This morning, White House National Economic Council Director Larry Kudlow appeared on Fox Business and made the following claim (emphasis added): "As...
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Concerned Actuaries Group Publishes New Analyses on Health Care System’s Sustainability
Last month, the Committee for a Responsible Federal Budget and the Concerned Actuaries Group launched the American Health Care Initiative, a...
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CBO is Pretty Good at Estimating Spending
In March 2016, CBO estimated the federal government would spend $4.06 trillion for fiscal year (FY) 2017 – a number that would increase to $4.08...
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CBO Releases 2018 Long-Term Outlook
The Congressional Budget Office (CBO) just released its annual Long-Term Budget Outlook, which shows the United States is on an unsustainable fiscal...
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How the House Could Meet the Budget Resolution's Reconciliation Instructions
The FY 2019 House budget resolution calls for $6.5 trillion of policy savings over ten years, but the true action is in the reconciliation...