October 23, 2014

Blogs

CBO Revises Estimates of the ACA

The Congressional Budget Office (CBO) today estimated that repealing the 2010 Affordable Care Act (ACA) would increase federal budget deficits between next year and 2022 by around $109 billion, only a small change from previous estimates. The CBO suggests that this can also be considered a rough estimate for how much the ACA reduces the deficit over the same time period.

Concord Co-Chair Sam Nunn Helps Launch "Fix the Debt" Campaign

Today Concord Coalition Co-Chair Sam Nunn, a former U.S. senator from Georgia, helped launch the Campaign to Fix the Debt.  This project is a non-partisan initiative to put America on a better fiscal and economic path.  Nunn is a member of the campaign's steering committee.  

In advance of the campaign's launch, Nunn said:

Interest Rates Are Low Now, But for How Long?

This post was co-authored with Louise Mackey, intern from the Washington Ireland Program 

Wrestling With the Risks and Rewards of a Global Economy

Lately it seems impossible to talk about the U.S. economy’s ailments and challenges without mentioning the rest of the world.

National Health Expenditures: Good News Is Real But Likely Temporary

The Medicare actuaries have just updated their projections for National Health Expenditures (NHE) and the overall picture they illustrate is a welcome one, but likely reflects temporary factors and cannot serve as an excuse for politicans to rest on their laurels.

Constituents' Budget Decisions Impress Florida Congressman

Federal budgeting isn’t for the faint of heart. The tax code alone consists of tens of thousands of pages. Then there's the defense budget, the other eleven annual appropriations bills, Medicare, Medicaid, the need to modernize Social Security . . . the list goes on and on. Mix in some presidential and congressional politics, and it’s easy to see why even people with the best of intentions just cannot seem to get the country on a sustainable track for the long term.

CBO Warns About the Fiscal Cliff

The Congressional Budget Office (CBO) has released an excellent analysis on the "Economic Effects of Reducing the Fiscal Restraint That Is Scheduled to Occur in 2013."  The CBO term “fiscal restraint” has been more popularly referred to as “the fiscal cliff.” That is because there are so many large, sudden fiscal policy changes awaiting us at the turn of the year that if we think of the U.S.

How Much Are We Going to Spend on Medicare?

In late April, the Medicare Trustees released an annual report on the financial status of the program. In their report, the trustees are required to analyze where Medicare costs are heading based on a strict reading of current law. However, there are numerous reasons to believe that these numbers do not give the full picture.

The Economy’s Ailments and the Best Fiscal Policy Prescriptions

Throughout this painfully prolonged economic recovery, economic developments as they are reported have often been confusing. They seem to send mixed messages about the best courses of action for fiscal policy.

A Cautionary Tale of Cinco de Mayo (That Doesn’t Involve Tequila)

Cinco de Mayo over the years has become a popular American excuse to overindulge on nachos and beverages served in salt-rimmed glasses, but it should also serve as a reminder about the severe consequences of incurring large national debt. Many people believe that Cinco de Mayo is Mexican Independence Day (September 16, but that's another story), but it's really about forestalling