Budgets & Projections
Latest
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Moving the Tax Expiration Goal Posts
The President may choose to submit a budget in which he extends the Bush tax cuts only temporarily—say for two years, rather than permanently as was...
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CBO Monthly Budget Review Shows Record December Deficit
The government ran record deficits of $390 billion in the first quarter of FY2010, according to the CBO’s Monthly Budget Review. Even last year, with...
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How Much Will Health Reform Cost?
UPDATE: CMS released its estimates of the final Senate bill on Friday. The short answer is that it depends who you ask. Today, the RAND Corporation...
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Tough Challenge Facing Obama Administration in Last Days of Budget Deliberations
Today’s New York Times article on the difficulty President Obama faces in keeping his promise about deficit reduction and tax cuts, Promise to Trim...
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Since We've Been Gone...
We hope all of our readers had very happy holidays. Now that we are back from our vacation, there is a lot to report on regarding congressional...
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Senate Health Care Bill Released (And a Comparison Chart)
UPDATE: CBO mistakenly overestimated the deficit-reducing effect of the Medicare Commission in their score. As a result, they now estimate deficit...
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What Happened to the President's Spending Cuts?
Yesterday, on the heels of President Obama signing a $1.1 trillion "minibus" CRFB released a paper on the importance of controlling discretionary...
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Controlling Discretionary Spending
Over the past decade, discretionary spending has grown faster than mandatory. Between 1999 and 2008 discretionary spending grew annually, on average...
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Fiscal Commission Gains Momentum
The chance that some type of bipartisan commission will be created to address the nation’s long-term fiscal challenges increased significantly this...
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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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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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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...