Budgets & Projections
Latest
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Measuring Inflation Right Saves $375 Billion
According to the latest CBO Budget Options report, adopting the chained CPI – an inflation index that most economists believe is a more accurate...
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CBO Releases 2014 Budget Options
With the national debt at record highs and projected to increase, lawmakers need to find ways to reduce the long-term budget deficit. Fortunately, CBO...
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Highlights from CBO's New Data on Income Distribution and Taxes
The CBO has updated its data on the distribution of income and taxes. This analysis contains a wealth of data detailing changes in household income...
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Happy Halloween From CRFB
Happy Halloween! For the spookiest day of the year (though some might argue that's April 15th), CRFB is thinking about scary costumes and wondering...
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CBO Report Parses the Reasons for Part D's Slow Growth
The last few months have seen a number of new ideas to save money in Part D of Medicare by encouraging more efficient use of drugs by prescription...
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McCarthy Suggests Increased Focus on Long-Term Budgeting
House Majority Leader Kevin McCarthy (R-CA) tells Politico that his priorities for the next Congress include the budget process, and in particular...
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Why the 40-Year Average is a Poor Benchmark
In response to Howard Gleckman's piece on the FY 2014 deficit where he noted that the budget had returned to "normal," Donald Marron wrote that the...
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How CBO Accounts for Anti-Fraud Efforts
Fraud -- along with the closely related waste and abuse -- is too often cited as a big factor affecting our high deficits, even though this is not the...
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My View: Alan Simpson and Erskine Bowles
Alan Simpson and Erskine Bowles are the former chairs of the Simpson-Bowles Fiscal Commission and members of the Committee for a Responsible Federal...
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Gleckman: A Return to Fiscal Normalcy but Not For Long
In response to the release of final FY 2014 deficit numbers, Tax Policy Center's Howard Gleckman writes that this year's outcome just returns the...
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The More the Budget Changes, the More Things Stay the Same
With FY 2014 officially in the book, it’s time to look back at how spending and revenues have changed since the FY 2009’s highest nominal deficit of...
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Why Has the Deficit Come Down Faster Than Expected?
We noted in our discussion of the final Monthly Treasury Statement for 2014 that the deficit has fallen by two-thirds since 2009 after rising by...