Washington Monument

Blog | January 2015

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.
Jan 30, 2015 | Other Spending

Will Military Compensation Reform Get the Green Light?

After a more than a year-long process, the Military Compensation and Retirement Modernization Commission released its final report yesterday,...
President Obama
Jan 30, 2015 | Budgets & Projections

What to Expect From the President's FY 2016 Budget

On Monday, the President is scheduled to release his FY 2016 Budget. Based on press reports, we know some rough outlines of what he will be proposing...
Jan 30, 2015

All About That Baseline

After we sent out our weekly Bottom Line weekly email with the subject line, "All About that CBO Baseline," we started getting...
Jan 29, 2015 | Budgets & Projections

Ignoring PAYGO Could Add $2.5 Trillion to the Debt

CBO's official budget estimates rely on general adherence to current law, meaning that no new laws are passed other than to keep the government...
President Obama
Jan 29, 2015

George V. Voinovich: Obama Must Put Some Muscle Behind Gasoline-tax Increase

George V. Voinovich is a former senator and governor of Ohio and a member of the Committee for a Responsible Federal Budget. He wrote a commentary...

Trust Fund Deadlines Are Closing In

In addition to updating budget projections, CBO's baseline also looks at the state of various government trust funds over the next ten years. Two...
Jan 28, 2015 | Budgets & Projections

How Much Savings Would It Take to Make Debt Sustainable?

CBO's budget outlook, little changed since its last update, shows the same story it has for a few years: the debt picture will stabilize through...
Jan 27, 2015 | Budgets & Projections

CRFB Publishes Analysis of CBO's 2015 Budget and Economic Outlook

Yesterday, CRFB published an analysis of CBO’s latest Budget and Economic Outlook. The six-page document summarizes the forecasts and...
Jan 26, 2015 | Budgets & Projections

CBO Report Shows Return of Trillion-Dollar Deficits

Trillion-dollar deficits are coming back in 2025. That's one of the many stories told by the new budget update released today by the Congressional...
Concept_DC_Capitol Building
Jan 23, 2015 | Budget Process

We Need To Improve Focus on the Long Term

Today CRFB released a new paper as part of our Better Budget Process Initiative titled "Improving Focus on the Long Term." The budget...