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The new budget plan released recently by Alan Simpson and Erskine Bowles once again demonstrates that it is possible to bring the deficit under control using a mix of spending cuts and revenue increases without harming the near-term economy. It…


The Government Accountability Office (GAO) has issued its third annual report detailing how Washington could save tens of billions of dollars a year by reducing fragmentation, overlap and duplication in the federal government. The report also suggests improvements to enhance…


Is the federal budget heading for unsustainable deficits or unsustainable surpluses?It all depends on the long-term assumptions, as Concord Coalition Executive Director Robert L. Bixby explains in a new blog post that examines contrasting projections from the Government Accountability Office…


Is the federal budget heading for unsustainable deficits or unsustainable surpluses? It all depends on the long-term assumptions. (more…)


Congress plans to hold dozens of hearings this week on President Obama’s proposed budget for Fiscal 2014. Ideally, his proposals will be considered through a House-Senate conference committee as it works on a joint budget resolution.“While elected officials have made…


Political leadership from both parties is needed to take advantage of the window of opportunity that exists in the next few months to achieve a meaningful deficit-reduction plan. That was a common theme last week from federal budget experts, former…


Annual inflation increases are an important part of many government programs, including Social Security. Inflation protection is also provided in many parts of the tax code. But several advocates of fiscal reform – including the bipartisan National Commission on Fiscal…


Opening Day for the baseball season has come and gone in Washington but for the budget season it comes on Wednesday, when the President officially unveils his Fiscal Year 2014 proposals. Will he get a hit or be sent back…


Most plans to put the federal budget on a more sustainable path make a crucial assumption: That today’s younger workers will pay more of their own retirement costs than previous generations have. By setting aside more money for retirement, the…


Congress received some solid advice from widely respected budget experts at a recent Joint Economic Committee hearing on solving the federal debt crisis. Alice Rivlin, a senior fellow at Brookings and a member of the Campaign to Fix the Debt…


Most fiscal reform plans assume that younger workers will pay more of their own retirement costs than previous generations have paid. But Washington already favors older generations in many ways, and younger Americans face a number of financial hurdles and…

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