Latest
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‘Line’ Items: Recess Over, Deadlines Loom
They’re Back – Congress returns from its spring recess this week. The Senate is back in session today and the first order of business is a cloture...
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New Types of Taxes
In counting down to tax day, we’ve already shown that we don’t raise as much in revenue as we spend, and how this is partially the result of costly...
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CRFB President and Board Members Talk Solutions on CNN IOUSA Panel This Weekend
CRFB President Maya MacGuineas will join a panel of experts including CRFB board members Pete Peterson and David Walker, as well as former Senator...
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Spending by Any Other Name Smells as Sweet: Tax Expenditures
In the complexity that is our tax system, there’s a special group of tax law provisions that significantly change how the regular tax rates affect...
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Three International Economists Join Announcement Effect Club
Along with the daffodils, the onset of spring has seen the blossoming of the “announcement effect” in the public discourse. Three international...
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Bernanke on Our Fiscal Woes
Speaking in Dallas yesterday, Federal Reserve Chairman Ben Bernanke reiterated the choices we will have to face to regain fiscal sustainability. He...
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Bottom Line Counts Down to Tax Day
Those who are yet to file their tax returns know full well that April 15 ( Tax Day) is fast approaching. In the mad rush to complete the paperwork...
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Six Months Down: CBO Monthly Budget Review Estimates $714 billion deficit in FY 2010 Thus Far
The Congressional Budget Office issued its Monthly Budget Review yesterday. It estimates that the federal government incurred a deficit of $714...
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So What's Our Revenue Situation?
With tax day fast approaching, it's worth discussing the current state of revenues in the United States. Last year, revenue collection hit a 60-year...
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Coburn, Baby, Burn
The Hill reports that Senator Tom Coburn (R-OK) has promised to block all future spending bills that are not fully “paid for.” He currently is leading...
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The Power of Saying 'No'
In today's New York Times, David Leonhardt argues that deep down, Americans tend to view more health care as better care, but that in our quest for...
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The Doc Fix Is A Leaky Roof?
CRFB received a comment on The Bottom Line the other day, responding to our use of a leaky roof analogy for how health care reform failed to address...