Opinion
Committee for a Responsible Federal BudgetOpinion

Social Security is Now Less Than Six Years from Insolvency

The Social Security retirement trust fund is now less than six years from insolvency, according to CRFB’s Insolvency Countdown Clock. Without action from policymakers, beneficiaries will face a deep ...
Committee for a Responsible Federal Budget

5% Interest Rates Are a Troubling Sign of the Road Ahead

The interest rate on the ten-year Treasury note topped 5 percent today for the first time since 2023 and – outside of 2023 – the first time since 2007. The ten-year rate has now risen roughly half a ...
Committee for a Responsible Federal Budget

Weakening the SALT Cap Would be a Costly Mistake

According to press reports, policymakers are considering changes to the $10,000 state and local tax (SALT) deduction cap as part of their efforts to extend the expiring parts of the Tax Cuts and Jobs ...
Committee for a Responsible Federal Budget

Use The Social Security Reformer to Prevent Insolvency

The Social Security Trustees project that the program’s retirement trust fund will become insolvent in 2032. That is when today’s 61-year-olds will reach their normal retirement age and when today’s ...
Committee for a Responsible Federal Budget

CBO Analysis Suggests $1 Trillion in Medicare Advantage Overpayments

A recent Congressional Budget Office (CBO) analysis projects that the federal government will pay between 5% and 10% more for Medicare Advantage (MA) enrollees than traditional Medicare (TM), and ...
Committee for a Responsible Federal Budget

Senate Will Soon Vote on Speeding Up Social Security Insolvency

Senate Majority Leader Chuck Schumer (D-NY) announced yesterday that the Senate would vote on the Social Security Fairness Act, which passed the House in November. This bill would repeal the Windfall ...
Committee for a Responsible Federal Budget

Blue Dog Coalition Unveils Budget Process Reform Package

The bill would require the House Appropriations Committee to bundle the 12 appropriations bills into four packages for markup once they had all passed their respective subcommittees. The goal is to ...
Committee for a Responsible Federal Budget

Fox News "Special Report" Spotlights National Debt

In the first segment of a new Fox News "Special Report Spotlight" series on America's balance sheet, Bret Baier spotlighted the nation's unsustainable debt and deficit by discussing the recent $40 ...
Committee for a Responsible Federal Budget

Banning Anticompetitive Contracts to Lower Health Care Costs

Over the next decade, the federal government is projected to spend $25 trillion on health care while forgoing an additional $7 trillion in employer sponsored health insurance-related tax breaks. 1 ...
Committee for a Responsible Federal BudgetOpinion

Treasury Confirms $2 Trillion Deficit for Fiscal Year 2026

The United States borrowed $2 trillion in Fiscal Year (FY) 2026, including $27 billion in the month of September, according ...
Committee for a Responsible Federal Budget

GAO: Up to $304 Billion in Tax Fraud Annually

Tax fraud costs the federal government between $116 billion and $304 billion each year, according to a recent analysis by t ...