Budget Projections
Latest
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CBO Shows Deteriorating Budget and Economic Projections
The Super Bowl was held last Sunday, and the Olympics are coming up in a few days, but the biggest event this week happened today as CBO released its...
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The Longer We Wait, The Tougher the Choices Become
In our recent paper, " Our Long-Term Debt Problems are Very Far From Solved," we showed that while the debt problem may be long-term, solutions need...
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No, Actually, the Fiscal Gap Has Not Fallen by 8 Percentage Points
Last week, at a breakfast with David Wessel and Gerald Seib of The Wall Street Journal, Council of Economic Advisers chair Jason Furman made the case...
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Deficits are a First-Order Problem
Yesterday, Former Treasury Secretary and director of the National Economic Council Larry Summers argued that “budget deficits are now a second-order...
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Introducing CRFB's Latest Long-Term Realistic Baseline
The release of the Congressional Budget Office's (CBO) Long-Term Budget Outlook is one of the big events in the budget world, and we'd like to think...
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CBO Releases Long-Term Budget Outlook
It's here — CBO has released its updated long-term baseline. Since December, many commentators have attempted to see where we stand since the fiscal...
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Budget Director: We Still Have a Long-Term Debt Problem
Reading the news these days, you might think our debt problem has been solved: the federal deficit has been revised downward and is falling to its...
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It's Official: Budget Projections Have Changed
Last month after the Bureau of Economic Analysis revised their GDP numbers going back to 1929, we decided to take the intiative and project what the...
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Carter and Weinstein: Look Beyond Ten Years
In an op-ed in POLITICO, former Senate Budget Committee staffer James Carter and Fiscal Commission adviser Paul Weinstein advised lawmakers to look...
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Comparing 2010 and 2013 Federal Government Spending
Late last week, the Washington Post's David Fahrenthold published a piece claiming that "big government is mostly unchanged" since 2010, when...
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Peterson Foundation Depicts the Long Term...Interactively
Frequent readers of this blog will be familiar with projections of long term debt. But the Peterson Foundation has found an interesting interactive...
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Wessel: Prudent Politicians Would Focus on the Long Term, Today
In his column in today's Wall Street Journal and an accompanying audio clip, David Wessel takes on the question before Washington: Is the budget...