Archives: Budget Digests
Budget Digest
Restoring the Trust for Families and Working-Age Americans
Federal automatic spending programs are doing more than just contributing to an untenable fiscal trajectory; in fact, they are distorting markets. Due to distortions..
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Growing Risks to the Budget and the Economy
Following a brief respite, Federal budget deficits are now rising again, according to the August baseline issued by the Congressional Budget Office [CBO]...
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CBO and the Center for Medicare and Medicaid Innovation
The CMMI was created by the Affordable Care Act and granted broad authority to the Secretary of Health and Human Services [HHS] to conduct “demonstrations”...
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Restoring the Trust for Americans At or Near Retirement
Both Medicare and Social Security face insolvency within the next 15 years. As currently structured, neither program can fulfill the promise of retirement...
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Regulatory Budgeting
New regulations are much more common than new legislation. In 2015, 3,410 formal rules were issued by Federal agencies, while only 115 laws were passed...
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Effective Budget Enforcement
The failure of budget enforcement mechanisms has at least two major consequences: it significantly reduces the effectiveness of the budget resolution and...
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Fiscal Norms and Targets
The erosion of the balanced budget standard has deprived policymakers of the only consensus for fiscal policy they ever had, and nothing has replaced it...
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Controlling Automatic Spending and Unauthorized Programs
Automatic, or “mandatory,” spending robs Congress of its constitutional power to make all spending decisions. It cedes the “power of the purse” to the...
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Restoring the Trust for Families and Working-Age Americans
Federal automatic spending programs are doing more than just contributing to an untenable fiscal trajectory; in fact, they are distorting markets. Due to distortions..
Read More