Committee for a Responsible Federal Budget
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Blog | May 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.
May 13, 2010 | Budgets & Projections

Lessons from Portugal: A Way Forward from our Fiscal Impasse for U.S. Political Leaders

Inspiration can come from the most surprising places.Take Portugal, for instance. (Granted, there are major differences between the U.S. and...
May 13, 2010 | Other Spending

Congressman Eric Cantor Introduces YouCut

Yesterday, House Minority Whip Eric Cantor (R-VA) launched a new project - YouCut. YouCut allows people to vote online or from their cell phones on...

Pearlstein Comes Out with His Own Fiscal Plan

Today in the Washington Post, Steven Pearlstein took the "Deficit Challenge", proposing his own plan on how to reduce future deficits...
May 11, 2010

Fed Restarts Foreign Currency Swaps

In a release late Sunday night, the Fed announced that it has agreed with other major central banks to reopen foreign currency swap lines in order...

‘Line’ Items: Greek Tragedy Edition

From Sophisticated to Sophocles – The untangling of the complex web of financial manipulation and deceit arising from the “hidden debts...
May 10, 2010

Why This Isn't Just a Greek Problem

The EU and IMF just recently agreed to provide a nearly $1 trillion rescue fund for European countries facing troubled fiscal waters. Meetings over...
May 10, 2010 | Budgets & Projections

CBO's Monthly Budget Review: Higher Deficit than Last Year but with Signs of Hope

The Congressional Budget Office (CBO) issued its Monthly Budget Review late last week. CBO reports that the federal government incurred a...
May 10, 2010 | Other Spending

Weekend Editorial Roundup

Here are the highlights from this weekend’s editorials on fiscal and budget policy:The Chicago Tribune criticized both parties for reckless...
May 7, 2010 | Economics

Marketwatch Update: The US as Safe Haven Returns - but Technical Glitches May Have Also Kicked In

It wasn’t enough that we had a lot of impressive economic news this week (including today’s solidly positive employment numbers –...
May 7, 2010

Greece and the United States: The Importance of Having a Credible Fiscal Framework

European leaders are meeting tonight to talk about Greece and the eurozone crisis. According to press reports, they will likely agree upon and...

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