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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.

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Jun 8, 2018 | Social Security

Design Your Own Social Security Plan

Social Security provides income security to millions of beneficiaries, but is on a road toward insolvency. The latest official projections show...
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Jun 7, 2018 | Other Spending

Does the Rescissions Bill Cut $15 Billion in Spending?

The President recently updated and revised his request to rescind some spending, removing some cuts from the proposal and clarifying others. The...

Mitch Daniels: That Entitlements Can is Getting Heavier, and We’re Running Out of Road

Mitch Daniels is the president of Purdue University, a former governor of Indiana, a former director of the Office of Management and Budget, and a co...
Jun 6, 2018 | Social Security

How Old Will You Be When Social Security's Funds Run Out?

The Social Security Trust Funds are on a path to run out. Use this tool to find out what you stand to lose unless Washington acts. If you're...
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Jun 5, 2018 | Social Security

A Quick Take on the 2018 Social Security and Medicare Trustees Reports

The Social Security and Medicare Trustees have released their reports on the financial state of the respective programs. Below is...
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Jun 5, 2018 | Other Spending

VA Cap Adjustment Could Cost Over $55 Billion

The VA MISSION Act that passed both Houses of Congress last month may get a whole lot more expensive. As part of the Veterans Affairs (VA)...
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CBO Economic Forecasts Are Similar to the Consensus, Unlike OMB

The Congressional Budget Office's (CBO) analysis of the President's Fiscal Year (FY) 2019 budget found that the President's policies would still...
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May 24, 2018 | Budgets & Projections

CBO Releases Estimate of the President's Budget

The Congressional Budget Office (CBO) released its estimate of the President's 2019 budget today. The estimates show debt would continue to rise...
May 24, 2018 | Budget Process

WATCH: Maya MacGuineas Testifies Before Budget Process Committee

Committee for a Responsible Federal Budget president Maya MacGuineas testified before the Joint Select Committee on Budget and Appropriations Process...
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Congress Has Never Failed to Propose a Budget

There has never been a year where at least one of the two congressional Budget Committees have not proposed a budget. Since the modern budget...
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May 17, 2018 | Budgets & Projections

Paul & Sanford Introduce Penny Plans

Senator Rand Paul (R-KY) and Representative Mark Sanford (R-SC) have introduced “penny plans” that would balance the budget within a decade through a...
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May 16, 2018 | Other Spending

VA Health Bill Should Be Offset

The House will vote this week on a bill that would temporarily extend then replace the Veterans Choice Program, which allows veterans facing...
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May 15, 2018 | Health Care

Does the Rescissions Bill Undermine Children's Health Care?

Many have criticized President Trump's $15 billion rescission package for cutting the Children's Health Insurance Program (CHIP). For instance, a...
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It Would Take Nearly Unprecedented Economic Growth to Balance the Budget

Increased economic growth has often been cited as a solution to our fiscal problems or as a way to offset deficit-increasing legislation....
May 10, 2018 | Other Spending

Explaining the House Farm Bill

The 2014 farm bill expires on September 30, which means policymakers have less than five months to pass a new one. The House Agriculture Committee...
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May 9, 2018 | Other Spending

What's in the President's Rescission Request?

Update: CBO released an estimate of the effect of the CHIP rescission on outlays and coverage. CBO estimates that the proposed rescission would not...
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May 8, 2018 | Budget Process

A Conversation with CBO Director Keith Hall

The Committee for a Responsible Federal Budget and our partners at the Campaign to Fix the Debt hosted a conference call conversation with Dr. Keith...
May 7, 2018 | Other Spending

Multiemployer Pensions: The Next Source of Budget-Busting Legislation?

The newly-created Joint Select Committee on Solvency of Multiemployer Plans is tasked with crafting legislation to improve the finances of the nation...
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May 4, 2018 | Budgets & Projections

Mandatory Spending Makes Up the Bulk of Spending Growth

Over four-fifths of the growth in nominal spending over the next decade is driven by Social Security, federal health programs, and interest on the...

Rescissions, How Do They Work?

Recent press reports have indicated that the Trump Administration is looking to use a process known as rescission to cut spending from the recent...

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