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Blog

Welcome to our blog – The Bottom Line, where you’ll find up-to-date commentary and analysis on the most important news in the fiscal world. Below is a list of our blog posts.

Concept_DC_Capitol Building Sunrise
Sep 16, 2019 | Other Spending

Appropriations Watch: FY 2020

Updated 9/16/2019: Congress enacted legislation in August to address discretionary spending caps, which had impeded work on FY 2021 appropriations...
Sep 16, 2019 | Budgets & Projections

Eugene Steuerle: Congress is supposed to decide how the U.S. spends money. Soon, it won’t be able to.

Dr. Eugene (Gene) Steuerle is an Institute fellow and the Richard B. Fisher chair at the Urban Institute and a member of the Committee for a...
Concept_Debate
Sep 12, 2019

Factchecking and Live-Tweeting the Democratic Presidential Primary Debates

Tonight's Democratic presidential primary debate marks the third round of debates of the 2020 campaign and will surely touch on fiscal issues....
Concept_Scale
Sep 11, 2019 | Taxes

Is Spending, Not Tax Cuts, Driving the Deficit?

The House Ways and Means Committee minority recently published a blog post claiming that "spending, not tax cuts, [is] driving national deficits." It...
Sep 11, 2019 | Budgets & Projections

Tim Penny & David Minge: Debating 2020 Democrats should not ignore our exploding debt

Tim Penny is co-chair and David Minge is a board member of the Committee for a Responsible Federal Budget. Both are former representatives from the...
Concept_Debt
Sep 9, 2019 | Budgets & Projections

Debt Could Reach Record Levels by 2030

The Congressional Budget Office's (CBO) latest budget projections point to high and rising debt under current law, but the situation is far worse if...
Mitch Daniels on Bloomberg TV
Sep 6, 2019

CRFB Co-Chair Mitch Daniels on Bloomberg TV

Committee for a Responsible Federal Budget co-chair Mitch Daniels, former director of the Office of Management and Budget, appeared on Bloomberg TV's...
Sep 4, 2019 | Budgets & Projections

New House Members Stress Importance of PAYGO

A group of ten new Democratic members of the House of Representatives sent a letter to House committee chairs on Wednesday urging them to better...
Sep 4, 2019 | Social Security

Marc Goldwein: A better way to cut the payroll tax rate

Marc Goldwein is senior vice president and senior policy director of the Committee for a Responsible Federal Budget. He recently wrote...
Concept_Health Care_RX Bottles
Aug 30, 2019 | Health Care

How to Reduce Health Costs By $900 Billion

There is no single magic bullet to rein in the high cost of health care for households, businesses, and governments. But lawmakers are currently...
Aug 29, 2019 | Economics

Maya MacGuineas: With a growing debt, a fiscally responsible blueprint is needed to handle the next recession

Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an...
Aug 21, 2019 | Budgets & Projections

New CBO Budget Projections Show Toll of Budget-Busting Legislation

The Congressional Budget Office (CBO) just released its latest baseline, projecting high and rising debt made worse by recent legislation. CBO...
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Aug 19, 2019 | Taxes

How Much Would a Payroll Tax Holiday Cost?

Update 8/20/19: While speaking in the Oval Office, President Trump confirmed that a payroll tax cut and indexing capital gains were under discussion...
Aug 15, 2019 | Budgets & Projections

Where Does the Budget Stand Compared to Historical Averages?

Recently, there has been a lot of discussion over whether the country has a revenue problem or a spending problem. While there is no way to...
Concept_calculator
Aug 7, 2019 | Other Spending

Was a "No" Vote on the Budget Deal a Vote for "More Spending"?

In support of the $1.7 trillion Bipartisan Budget Act of 2019 (BBA19), Senator David Perdue (R-GA) gave a floor speech and penned an op-ed arguing...
Concept_DC_Capitol Building_Money
Aug 7, 2019 | Budget Process

Upcoming Congressional Fiscal Policy Deadlines

Updated 8/7/2019: The House passed an agreement to raise the discretionary spending caps by $160 billion each year for FY 2020 and FY 2021 and...
Concept_Health Care_RX Bottles
Aug 7, 2019 | Health Care

Senate Finance Prescription Drug Bill Would Reduce Deficits by $100 Billion

The Senate Finance Committee recently approved by a 19-9 vote a prescription drug bill, the Prescription Drug Pricing Reduction Act, that the...
Concept_Debt_pennies
Jul 31, 2019 | Budgets & Projections

Even With Lower Interest Rates, Debt Remains Unsustainable

With the Federal Reserve today announcing a 0.25 percentage point decrease in the federal funds rate, it appears interest rates will remain...
Jul 31, 2019 | Budgets & Projections

Recent Fiscal Irresponsibility Will Double Deficits

As deficits are expected to climb above $1 trillion in the coming years, it's worth noting that tax cuts and spending hikes passed just in the...
Donald Trump
Jul 25, 2019 | Budgets & Projections

President Trump’s $4 Trillion Debt Increase

If the recent budget deal is signed into law, it will be the third major piece of deficit-financed legislation in President Trump's term. In...

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