Committee for a Responsible Federal Budget
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Blog | August 2021

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.

Trustees: Social Security & Medicare Approaching Insolvency

The Social Security (our analysis here) and Medicare (our analysis here) Trustees just released their annual reports for 2021 on the...
Aug 17, 2021 | Budgets & Projections

Comparing the Cost of Build Back Better to Other Recent Legislation

Lawmakers are preparing to consider both portions of President Biden's Build Back Better agenda – the Senate-passed bipartisan infrastructure bill...
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It’s Time to Wind Down the Student Loan Moratorium

The Biden administration recently extended the federal student loan moratorium through January 2022. Under the moratorium, most federal student...
Aug 12, 2021 | Budgets & Projections

The Budgetary Implications of the Senate Budget Resolution

The recently released fiscal year (FY) 2022 Senate budget resolution provides reconciliation instructions allowing for deficit increases of up to $1....
Aug 11, 2021 | Budgets & Projections

How Much Could Build Back Better Add to the Debt, An Update

Note: with recent Administrative actions on SNAP, debt-to-GDP will be about 0.6 percent higher in all scenarios. As a result, it will now reach 107...
Aug 10, 2021 | Other Spending

Former Budget Committee Director Warns Against Budgetary Gimmicks

Former Democratic House Budget Committee staff director Tom Kahn recently penned an op-ed for the Wall Street Journal in which he commended...
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Aug 10, 2021 | Budget Process

Bipartisan House Group Sends Letter Calling for Process Reforms

A bipartisan group of ten members from the House of Representatives recently sent a letter to the Senate calling for the addition of budget process...
Aug 9, 2021 | Budgets & Projections

CBO's Deficit Projections Are Higher, Here's Why

In its updated Budget and Economic Outlook, the Congressional Budget Office (CBO) projected budget deficits will total $15.1 trillion between...
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Aug 9, 2021 | Budgets & Projections

The Senate Budget Resolution Would Allow $1.75 Trillion of Borrowing

Senate Budget Committee Chairman Bernie Sanders (I-VT) released a budget resolution for Fiscal Year (FY) 2022 today that allows for up to...