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August 19, 2010

“[T]he nation’s budget outlook over the coming decade has not changed materially in the five months since [the Congressional Budget Office] released its previous projections,” according to CBO’s update of the federal budget released today. The estimated deficit for the fiscal year that will end on September 30 is $1.342 trillion — just 2 percent ($27 billion) smaller than CBO’s March estimate.

August 18, 2010

Rep. Paul Ryan and his budget plan are getting a lot of respectful attention in the press. (See here and here.) New York Times columnist Matt Bai suggests Ryan’s plan might represent “the starting point in what could be a serious negotiation about entitlements and spending.” But a careful look at the plan shows it to be a radical blueprint to shift massive resources from the broad majority of Americans to the very wealthy, while leaving the budget on an unsustainable course for decades.

August 16, 2010

Sunday’s New York Times op-ed by Stanford Ross and David Walker (“Misled on Medicare”) charges that the latest Medicare trustees’ report on the program’s finances is misleading.  In fact, it’s Messrs. Ross and Walker who are telling only part of...

August 10, 2010

Today we sat down with Policy Analyst January Angeles to discuss how the new health reform law strengthens Medicare.

August 6, 2010

The National League’s home run leader, Washington Nationals slugger Adam Dunn, hit two homers on Wednesday in the Nats’ 7-2 win over the Arizona Diamondbacks. What would you do if a disgruntled Diamondback suggested that Major League Baseball should not count those homers toward his individual home run total and toward the Nats’ run total in their 7-2 win because, somehow, this amounted to “double counting”? You’d laugh, right?

August 6, 2010

Listen below to Executive Director Robert Greenstein and Senior Fellow Paul Van de Water discuss the new annual reports, released today, of the Social Security and Medicare trustees.

August 4, 2010

The trustees of the Social Security and Medicare trust funds will release their annual reports tomorrow. Although these reports generally come out by April 15, the trustees often miss that deadline. This year, the trustees delayed the reports to give the actuaries at the Social Security Administration and the Centers for Medicare & Medicaid Services time to incorporate the effects of the Affordable Care Act (the recently enacted health reform legislation).

Here are a few things to anticipate and keep in mind about the reports to come tomorrow:

July 29, 2010

As I mentioned a couple of months ago, we’ve launched a series of fact sheets called “Moving Forward with Health Reform” to help people (especially non-wonks) understand how the new health reform law will work — and whether the claims from opponents are true.

Today we issued two more pieces in this series:

July 29, 2010

At its meeting yesterday, the President’s Commission on Fiscal Responsibility and Reform discussed imposing a numerical limit on federal spending as a share of the economy. One of the commission’s co-chairs has suggested capping spending and revenues at 21
percent of gross domestic product (GDP), the average spending level over the past 40 years. But as I explain in a new report, averages from the past aren’t a good guide for the future:

July 27, 2010

Today, we sat down with Health Policy Analyst Sarah Lueck to discuss the great news that millions of Americans will soon be able to receive preventive health care services free of charge because of the new health reform law.