Budget Projections
Latest
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What the New GDP Numbers Mean for Budget Projections
Yesterday, we noted the revisions that CBO has made to its historical budget data going back to 1973, in light of the Bureau of Economic Analysis's...
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CBO Updates Their Historical Budget Data
Nearly two weeks ago, the Bureau of Economic Analysis released its GDP report with a $560 billion upward revision for 2012. As we explained at the...
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Kotlikoff Argues for Generational and Fiscal Gap Accounting
Detroit's recent bankruptcy makes it the largest municipal bankruptcy in our nation's history as the city seeks to restructure $18 billion in debt...
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Get Ready for Budget Numbers to Change
As of Wednesday's GDP report, GDP for fiscal year 2012 was revised upward by roughly $560 billion to a total of $16.2 trillion. This almost Houdini...
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CRFB President Participates in Center for American Progress Event: "Is It Time to Hit the Reset Button on the Fiscal Debate?"
Today, the Center for American Progress (CAP) hosted a panel discussion featuring Center on Budget and Policy Priorities Senior Fellow Jared Bernstein...
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CBO Estimates the Economic Hit of the Sequester
Today, the Congressional Budget Office released a report detailing the projected economic effects of repealing the sequester starting August 1. The...
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Rivlin Warns More Work is Needed on Debt and Deficits
Former CBO director and CRFB board member Alice Rivlin was interviewed by the Fiscal Times Sunday on the state of our budget and economy. Rivlin...
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Interpreting Changes in Long-Term Projections
Yesterday, the Center on Budget and Policy Priorities updated its long-term outlook for the federal budget and like our long-term Realistic Baseline...
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The Analysis of the Analysis: CRFB's Take on CBO's Immigration Estimates
CBO's recent budgetary and economic analyses of the Senate immigration bill have been making waves in the political sphere as lawmakers rush to...
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The Debt Won't Magically Solve Itself
Over the past few weeks, we've seen a common argument in favor of turning away from solving our long-term debt problem due to short-term improvements...
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Washington Post Makes the Case for Fiscal Space
When the financial crisis began at the end of 2007, it soon became clear that the government would need to run higher deficits in response. Tax...
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Gale on Deficit Optimism
As we've said before, while the new budget projections from the CBO are an encouraging sign, it is easy to be overly optimistic about what the...