Committee for a Responsible Federal Budget

Economics

Economics Issue Area

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It's Not Free Money

Paul Krugman and other advocates of more federal stimulus spending cite today’s extremely low real interest rates, near zero or negative, as...

How Does the Fiscal Cliff Compare to Past Deficit Reduction in the U.S.?

In evaluating the fiscal cliff , it is interesting to see how it compares to past cases where the federal government has rapidly reduced deficits...

Zero-Sum Doesn't Quite Cut It

The New York Times has an article today entitled " In Washington’s New Mood of Austerity, Legislating Turns Into a Zero-Sum Game ,"...

IMF: U.S. Must Get Its Timing Right

Today, the IMF released the concluding statement of its Article IV Consultation, calling for the U.S. to pass a deficit reduction plan quickly but...

Bill Bradley Joins the Announcement Effect Club

Already a member of the Basketball Hall of Fame, former Sen. Bill Bradley (D-NJ) joined another exclusive club over the weekend: the Announcement...

What the U.S. Could Learn from Germany

Steep budget cuts are linked to recession and higher unemployment in Europe, argue several commentators (see here for example). Are they right?...

How Big is the Fiscal Cliff?

UPDATE: This blog has been updated to include CBO's brief about the fiscal cliff. About a month ago, we reported our estimates of how much the fiscal...

No Surprise: Fiscal Cliff Causing A Lot of Uncertainty

We have been warning for a few months now about the potential consequences of the fiscal cliff -- and adding to the debt by averting it all together...