Committee for a Responsible Federal Budget
Washington Monument

Blog | April 2010

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.
Apr 11, 2010 | Taxes

New Types of Taxes

In counting down to tax day, we’ve already shown that we don’t raise as much in revenue as we spend, and how this is partially the result...
Apr 9, 2010 | Economics

Three International Economists Join Announcement Effect Club

Along with the daffodils, the onset of spring has seen the blossoming of the “announcement effect” in the public discourse. Three...
Apr 9, 2010

CRFB President and Board Members Talk Solutions on CNN IOUSA Panel This Weekend

CRFB President Maya MacGuineas will join a panel of experts including CRFB board members Pete Peterson and David Walker, as well as former...
Apr 9, 2010 | Taxes

Spending by Any Other Name Smells as Sweet: Tax Expenditures

In the complexity that is our tax system, there’s a special group of tax law provisions that significantly change how the regular tax rates affect...
Apr 8, 2010 | Taxes

So What's Our Revenue Situation?

With tax day fast approaching, it's worth discussing the current state of revenues in the United States. Last year, revenue collection hit a 60-year...
Apr 8, 2010 | Budgets & Projections

Six Months Down: CBO Monthly Budget Review Estimates $714 billion deficit in FY 2010 Thus Far

The Congressional Budget Office issued its Monthly Budget Review yesterday. It estimates that the federal government incurred a deficit of $714...
Apr 8, 2010 | Taxes

Bottom Line Counts Down to Tax Day

Those who are yet to file their tax returns know full well that April 15 (Tax Day) is fast approaching. In the mad rush to complete the paperwork,...
Apr 8, 2010

Bernanke on Our Fiscal Woes

Speaking in Dallas yesterday, Federal Reserve Chairman Ben Bernanke reiterated the choices we will have to face to regain fiscal sustainability. He...

Coburn, Baby, Burn

The Hill reports that Senator Tom Coburn (R-OK) has promised to block all future spending bills that are not fully “paid for.” He...
Apr 7, 2010 | Health Care

The Power of Saying 'No'

In today's New York Times, David Leonhardt argues that deep down, Americans tend to view more health care as better care, but that in our quest for...