Relevant and even prescient commentary on news, politics and the economy.

CBO’s 2015 Long-Term Projections for Social Security: Additional Information

CBO’s 2015 Long-Term Projections for Social Security: Additional Information The Social Security Policy Options, 2015 was not the only report released by CBO yesterday. You have this one filling out the details in the Long-Term Budget Outlook Haven’t read this one either. So you all get first shot at framing the debate! Go get ’em […]

CBO Releases 2014 Long Term Budget Outlook

2014 Long Term Budget Outlook (pdf 64pp) While we are still waiting on the 2014 Social Security Report we do have today the release of CBO’s annual Budget Outlook which among other parts does include a chapter on Social Security. I plan to extract and post some Tables from it but in the meantime people […]

Deficits, Debt, Debt Subject to the Limit, Off Budget, Trust Fund: Building your 2013 Toolkit

All of the terms in the post title have at least two usages, some of which map upon to common sense ideas from business or household budgeting, some not. Unfortunately the usages that don’t tend to be those used in federal budget reporting, and the result is untold confusion. Now one way out would be […]

The CBO Wants to Discuss Healthcare and the Deficit?

The CBO Wants to Discuss Healthcare and the Deficit?(from run75411) Someone struck a nerve, “The Lady Doth Protest Too Much: CBO Director Asks for A Chat . . .”. Yves Smith at Naked Capitalism received an interesting email after a voice mail from the Associate Director of Communications for the CBO: Greetings, Susan.I am following […]