Measuring Inflation Right Saves $375 Billion
According to the latest CBO Budget Options report, adopting the chained CPI – an inflation index that most economists believe is a more...
CBO/JCT
CBO Releases 2014 Budget Options
With the national debt at record highs and projected to increase, lawmakers need to find ways to reduce the long-term budget deficit. Fortunately,...
Highlights from CBO's New Data on Income Distribution and Taxes
The CBO has updated its data on the distribution of income and taxes. This analysis contains a wealth of data detailing changes in household income,...
CBO Report Parses the Reasons for Part D's Slow Growth
The last few months have seen a number of new ideas to save money in Part D of Medicare by encouraging more efficient use of drugs by prescription...
How CBO Accounts for Anti-Fraud Efforts
Fraud -- along with the closely related waste and abuse -- is too often cited as a big factor affecting our high deficits, even though this is...
How Medicare Part D's Low-Income Subsidy Could Work Better
During the recent slowdown in Medicare spending, the prescription drug portion of the program, Part D, has been the lead actor in the story. The...
More Interesting Charts from CBO Director Elmendorf's Presentation
Earlier in the week, we highlighted a portion of CBO Director Doug Elmendorf's presentation at Cornell University highlighting the increased...
Elmendorf: Health Care, Social Security, and Interest Spending Will Consume More of the Budget
In a recent presentation at Cornell University, CBO Director Doug Elmendorf explained how the budget is projected to change over time. More resources...
Separating "Current Law" from A "Do Nothing" Baseline
CBO’s baseline budget projections are often referred to as “current law” since they generally assume Congress continues the laws as...
Sources of Spending Growth in CBO's Baseline
CBO's recent budget projections reaffirm that our debt problems are significant. Entitlements are projected to grow, as a result of a retiring...