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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.

May 27, 2010 | Economics

Carlo Cottarelli Joins the Announcement Effect Club

You might have missed it yesterday, but during the second meeting of the National Commission on Fiscal Responsibility and Reform, IMF Director...
May 27, 2010 | Economics

OECD on the Fiscal Outlook: The Way Forward

The OECD (the Organization for Economic Cooperation and Development, the Paris-based think tank for the 31 richest countries) released its twice...

Translating Dr. Summers’ Econospeak: Are Budget Deficits Good or Bad?

Larry Summers gave a very interesting and thoughtful talk in Washington recently (May 24).But it was delivered in High Oracular Econospeak, so many...

Fiscal Targets: Why We Need Both Medium and Long-Term Targets

The President's Fiscal Commission has been charged with proposing:"Recommendations designed to balance the budget, excluding interest payments...
May 27, 2010 | Budgets & Projections

CBO Estimates the Effects of the Stimulus

CBO recently put out its quarterly estimate of the macroeconomic effects of the American Recovery and Reinvestment Act of 2009 (ARRA). They found...
May 27, 2010 | Other Spending

Senate Will Vote Today on War Supplemental -- and Paying for It

A close vote is expected today to end debate in the senate on a $59 billion supplemental that includes funding for operations in Iraq and Afghanistan...
May 26, 2010 | Taxes| Other Spending

Spending Cuts Make Good Offsets Too

The extenders bill the House is considering would cost $190 billion between 2010-2020. Only $56 billion of that would be offset.Emergency...
May 26, 2010 | Budgets & Projections

Live Webcast: Fiscal Commission's Second Meeting

The President's Fiscal Commission is holding its second public meeting, which is being webcast live on the White House's website. We've embedded the...
May 26, 2010 | Budgets & Projections

The Budgetary Impacts of Fed Actions

Yesterday CBO issued a very interesting report on the budgetary impact of the Federal Reserve's actions to address the economic and financial crisis...
May 25, 2010 | Social Security| Taxes

Estimates of the Wyden-Gregg Tax Reform Bill

A few months back, we discussed a comprehensive proposal by Senators Ron Wyden (D-OR) and Judd Gregg (R-NH), the Bipartisan Tax Fairness and...

Aging and Entitlements

The U.S. Census Bureau came out with with a report this month on aging in the United States. Not to anyone's surprise, the report found that between...

Will Congress Embrace Spending Restraints?

As Congress debates hundreds of billion of dollars of new deficit-spending this week, they may also begin considering two proposals which can...

Safety Net and Tax Extender Proposals Are Still Not Paid For

CBO and JCT have released updated cost estimates of the most recent version of the American Jobs and Closing Tax Loopholes Act (H.R. 4213), a bill...
May 24, 2010 | Taxes| Other Spending

‘Line’ Items: Getting Out of Town Edition

Heavy Congressional Workload Before Break – Congress has a busy week ahead before it leaves town for next week’s Memorial Day recess....
May 21, 2010 | Economics

Market Watch: More Spillover from Greece

Throughout the week, U.S. financial markets continued to be dominated by a global market “flight to quality” in response to perceived EU...
May 21, 2010 | Economics

Alan Blinder Joins the Announcement Effect Club, Calls for Social Security Reform

Princeton's Alan Blinder says the bond market vigilantes are back; in Europe for now, but they'll be coming here soon. The bond vigilantes, for those...
May 20, 2010 | Other Spending

First YouCut Winner Would Save $2.5 billion

Last week we wrote about the introduction of YouCut, a project designed to allow people to vote on spending cuts they would like to see Congress...
May 20, 2010

Glad You Like Stabilize the Debt! Help Us Make it Better

We are so pleased our Stabilize the Debt! simulator has been met with such a positive response. Thanks for all your emails and thanks Derek, thanks...
May 20, 2010

The Thrill of Victory…the Agony of Deficits

Congress may be dropping the budget ball, but CRFB doesn’t intend to – literally. We will be participating in the 2nd Annual Budgetball...
May 19, 2010 | Other Spending

Defense Spending No Longer Exempt from Scrutiny

There's been a lot of discussion over the past few weeks about spending in the Defense Department, following speeches made by Secretary Robert Gates...

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