Debt & Deficits
Latest
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Report: CBO’s Long-Term Budget Outlook
Read moreCorrection: This paper originally stated that the Social Security trust fund is projected to be exhausted in 2033. The combined Social Security and...
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When It Comes to Deficit Reduction, Timing Matters
Read moreThe news that Britain has entered into a double-dip recession touched off a fierce debate last week over the role of austerity in the country's...
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CBO’s Projections Show Need for Smart, “Go Big” Approach: Comparing Major Debt Reduction Plans
Read moreCRFB has published an updated version of this comparison chart on its blog, The Bottom Line.
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The Cyclical Economic Effects on the Deficit
Read moreIn a letter to Rep. Chris Van Hollen (D-MD), the ranking member of the House Budget Committee, CBO Director Douglas Elmendorf estimates the cyclical...
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CRFB on President Obama's Deficit Reduction Plan
Read moreWith the release of President Obama's deficit reduction plan this morning, CRFB has put out a press release commenting on the proposal. We note that...
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Putting the Brakes on U.S. Debt
Read moreAs the world continues to struggle with the economic recovery and increasingly overwhelming debt levels, many are looking to Switzerland’s rather...
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Senator Reid In Favor of 'Deficit Cap' in Debt Limit Increase
Read moreYesterday, Senate Majority Leader Harry Reid (D-NV), proposed adding a "deficit cap" to forthcoming legislation to increase the debt ceiling. While...