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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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Apr 25, 2019 | Social Security

Social Security Will Start Spending Trust Fund Reserves Next Year

The 2019 Social Security Trustees' report reminded us that Social Security faces large and rising imbalances, projecting that the theoretically...
Apr 25, 2019 | Social Security

The Good News on Social Security: We Have More Time to Improve Disability Insurance

This week's Social Security Trustees' report warned that the program is on a path toward insolvency, with the theoretically combined trust fund set...
Apr 22, 2019 | 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...

Quick Take: Social Security & Medicare Headed For Insolvency in 16 & 7 Years

The Social Security and Medicare Trustees have released their reports on the financial state of their programs. Both reports show the programs need...
Apr 18, 2019 | Budgets & Projections

GAO: "Federal Government Is on an Unsustainable Fiscal Path"

The Government Accountability Office (GAO) recently released its long-term budget projections, and, like other forecasts, it projects that debt will...
Maya MacGuineas
Apr 16, 2019 | Taxes

Maya MacGuineas & Ed Rendell: Tax Day Trauma: Paying for Our Massive National Debt

Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. Governor Ed Rendell is the...
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Apr 12, 2019 | Budgets & Projections

Maya MacGuineas and Mike Murphy: Disastrous Record Deficits Threaten US Future

Maya MacGuineas is president of the Committee for a Responsible Federal Budget and Mike Murphy is director of the Committee's new initiative, FixUS....
Apr 9, 2019 | Other Spending

House Spending Plan Would Increase Discretionary Spending to Record Levels

The House Budget Committee proposal to raise the caps on discretionary spending would add over $2 trillion in projected debt over the next...
Apr 5, 2019 | Other Spending

House Spending Bill Would Cost Twice as Much as Sequester Repeal

Defenders of the House spending bill have argued that despite its $2.1 trillion debt impact, it is necessary to prevent the return of sequester-level...
Apr 5, 2019 | Other Spending

New Budget Cap Plan Would Cost As Much As the Tax Cuts

Earlier this week, the House Budget Committee reported a bill – the Investing for the People Act of 2019 – that would increase current law caps on...
Apr 2, 2019 | Other Spending

Proposed Budget Plan Would Cost Over $2 Trillion

In lieu of a budget resolution, the House Budget Committee has put forward a bill to increase discretionary spending caps by $358 billion over...
Apr 1, 2019 | Budgets & Projections

Last Year Was the Only Where Congress Did Not Vote On a Budget

Last year was a historically bad year for the Congressional budget process. Since 1976, it was the first time that neither the Senate or House voted...
Mar 29, 2019 | Economics

Was the Federal Reserve’s Monetary Tightening Unprecedented?

In a Wall Street Journal op-ed, House Ways and Means Committee Ranking Member Kevin Brady (R-TX) and former National Economic Council...
Mar 27, 2019 | Budgets & Projections

Tyler Evilsizer: Fiscal Negligence of Recent Congresses Must Be Dealt With Now

Tyler Evilsizer is deputy policy director at the Committee for a Responsible Federal Budget. He recently wrote an opinion piece for...
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Mar 22, 2019 | Budgets & Projections

Senate Budget Committee Sets the Stage for Responsible Budget Deal

Senate Budget Committee Chairman Mike Enzi (R-WY) has released his Chairman's Mark for the FY 2020 budget resolution, covering the next five...
Mar 19, 2019 | Budgets & Projections

The White House Projects the Debt Will Fix Itself

The Trump Administration has touted its recent FY 2020 President’s Budget as balancing the budget in just 15 years. However, additional budget...
Mar 15, 2019 | Budgets & Projections

Three-Fifths of This Year's Deficit is Policymakers' Fault

The budget deficit will be almost $900 billion this year according to projections from the Congressional Budget Office (CBO). By our estimates, 60...
POTUS Budget
Mar 15, 2019 | Budgets & Projections

Debt Would Rise, Not Fall, Under the President’s Budget

The President’s budget estimates it would reduce debt to 71 percent of Gross Domestic Product (GDP) and deficits to $202 billion (0.6 ...
Mar 14, 2019 | Economics

Economists Agree: Deficits Matter

Rarely do economists agree on anything. But a survey this week through the University of Chicago's IGM Forum found that 42 top economists...
Mar 12, 2019 | Taxes

Marc Goldwein and Russ Latino: Congress Must Break its Addiction to Unjust Tax Extenders

Marc Goldwein is senior vice president and senior policy director at the Committee for a Responsible Federal Budget and Russ Latino is vice...