CBO budget projections.

: TaxVox

Could Better Government Have Lowered Pandemic Deaths by 100,000 or Reduced Costs by a Trillion Dollars?

It never is easy for government to respond to crises, especially one as big and far-reaching as the COVID-19 pandemic. Yet, a better policymaking process...

March 1, 2021C. Eugene Steuerle

CBO’s Grim Budget Forecast Underestimates The Nation’s True Fiscal Problems

CBO recently released new budget projections that incorporate the 2017 tax act and the 2018 spending deals. In a new paper with Alan J. Auerbach,...

April 23, 2018William G. Gale Aaron Krupkin

: TaxVox

The Fiscal Picture Is Worse Than It Looks – And It Looks Bad

On the surface, CBO’s new projections of the federal debt and deficits over the next 10 years paint a troubling picture. But, dig deeper and...

April 10, 2018William G. Gale

: TaxVox

The Nation’s Fiscal Outlook Has Not Improved

While policy makers and news headlines focus on debates about health care and tax policy, the U.S. fiscal outlook remains troubling and is a constraint...

August 4, 2017William G. Gale

Federal Budget and Economy: TaxVox

New Evidence on Our Fiscal Status

CBO’s new budget projections are an opportunity to take stock of the country’s fiscal situation. At the risk of oversimplifying, the report contains one piece of good news, and two of bad news. The bottom line: The sky is not falling but policymakers have fallen short of solving the long-term

January 27, 2015William G. Gale