The Committee for a Responsible Federal Budget is a nonpartisan group of budget experts concerned about this nation's fiscal future. https://t.co/e8R4vf8v9Scrfb.org Washington, DCJoined January 2010
👉Instead of rebranding the most expensive reconciliation bill in history, lawmakers should work to fix it.
That means building on the offsets and scaling back the tax cuts and spending to something we can afford.
➡️crfb.org/blogs/whats-on….
👉Instead of rebranding the most expensive reconciliation bill in history, lawmakers should work to fix it.
That means building on the offsets and scaling back the tax cuts and spending to something we can afford.
➡️crfb.org/blogs/whats-on….
With no inflation for the rest of the year, we’d be at target.
At current pace, we’re likely to approach 3% inflation for 2025.
Graph via @katekgen at @BudgetHawks
As our national debt continues to balloon wider and wider, rarely does the government take active steps to rein it in. In this episode, we speak to national debt expert @MayaMacGuineas about how the Trump Administration can still course-correct.
US federal budget deficits will be nearly $1 trillion higher over the next decade than projected in January by the Congressional Budget Office as a result of tax and spending legislation and tariffs, a budget watchdog said reut.rs/3JIleSo
Federal debt “will rise from about 100 percent of Gross Domestic Product (GDP) ($30 trillion) today to 120 percent of GDP ($53 trillion) by 2035.” Let that sink in. crfb.org/blogs/august-2…
🔥 New Baseline Dropped 🔥
Debt is headed to 120 percent of GDP and deficits to $2.6 trillion.
OBBBA made the outlook much worse - but tariffs (if they stick) and other changes made it a lot better. Especially after large parts of OBBBA expire under the law.
🧵
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