Committee for a Responsible Federal Budget
Encyclopedia
The Committee for a Responsible Federal Budget (CRFB) is an independent, non-profit, non-partisan public policy organization based in Washington, D.C. that addresses federal budget and fiscal issues. It was founded in 1981 by former United States Representatives Robert Giaimo
(D-CT) and Henry Bellmon
(R-OK), and its board of directors includes former Members of Congress
and directors of the Office of Management and Budget, the Congressional Budget Office
and the Federal Reserve. CRFB is also host of the Peterson-Pew Commission on Budget Reform, which released its initial report, Red Ink Rising, in December 2009 and its second report, Getting Back in the Black, in November 2010.
. CRFB’s board of directors is co-chaired by William Frenzel (R-MN), Timothy Penny (I-MN), and Charles Stenholm
(D-TX), all former Congressional representatives.
The organization’s activities are overseen by a 32 member board of directors made up of experts and prominent figures in federal budget, tax and fiscal policy.
A large part of the board is made up of former directors of major budget-related government offices including the Congressional Budget Office
(CBO), the Office of Management and Budget (OMB), the House and Senate Budget Committees, and the Federal Reserve Board of Governors
. The group also includes numerous former Congressmen, former U.S. Comptrollers General, university and think tank experts on fiscal policy, and prominent members of the business and legal community.
It is perhaps best known for the reports it produces on both current issues and long-term trends in the federal government’s finances. In the past, CRFB has produced analyses in areas including:
The organization also releases regular press releases on day-to-day news developments related to federal budget, tax, and fiscal policy.
(D-CT) and former representative and Ranking Budget Committee member Henry Bellmon
(R-OK) on June 10, 1981. After leaving Congress, the two decided that the country needed an organization outside government committed to advocating for sound budget process, and decided to convene a group including other former Budget Committee Chairmen, former Directors of the Office of Management and Budget, leading economists, and businessmen.
The Committee’s first president was Carol Cox Wait, who served until 2003 and now sits on CRFB’s board of directors.
, a non-profit, non-partisan, Washington, D.C.-area public policy “think tank.” Maya MacGuineas
, President of CRFB, is also the Program Director of New America’s Fiscal Policy Program, and most of CRFB’s staff is also co-appointed to positions at New America.
On the April 5, 2009 edition of CBS’ Face the Nation
, host Bob Schieffer
used figures from CRFB’s “Stimulus Watch” chart while questioning Treasury Secretary Timothy Geithner about the amount of Troubled Asset Relief Program (TARP) funds that remained unspent.
The commission is directed by Jim Bates, former Chief Counsel and Staff Director of the U.S. House Committee on the Budget, and former Associate Director of Energy, Natural Resources, Agriculture, & Science at the Office of Management and Budget.
The project’s most high-profile contribution to the public debate was its series of “Voter Guides,”http://www.usbudgetwatch.org/reports which attempted to tabulate the costs of then-Senator Barack Obama’s and Senator John McCain’s campaign promises. The project's "Promises, Promises: A Fiscal Voter Guide to the 2008 Election" was widely cited in the mainstream media
during the campaign. CNN
called it “the most detailed analysis of McCain's and Obama's budget plans.".
On October 15, 2008, during the third debate of the 2008 presidential election
, moderator Bob Schieffer asked a question citing US Budget Watch's voter guides about the effects of the candidates' proposed policies on the deficit.
, former OMB Director for Nixon and Ford administrations
Nancy Kassenbaum Baker, former Senator from Kansas
Henry Bellmon
, former Governor of Oklahoma and U.S. Senator from Oklahoma and co-founder of CRFB
Erskine Bowles
, former co-chairmen of the National Commission on Fiscal Responsibility and Reform
Charles Bowsher, former Comptroller General of GAO
under Reagan administration
Dan Crippen
, former CBO Director from 1999–2003
Dick Darman, former OMB Director under George H.W. Bush administration
Vic Fazio, former representative from Oklahoma
William Frenzel, former representative from Oklahoma
Willis D. Gradison, Jr., former representative from Ohio
William H. Gray, III, former representative from Pennsylvania
Alan Greenspan
, former Chairman of the Federal Reserve
Douglas Holtz-Eakin
, former Director of CBO, economic advisor to McCain 2008 presidential campaign
James Jones
, former chief of staff to Lyndon Johnson
Jim Kolbe
, former representative from Arizona
James Lynn, former Director of OMB
David Minge
, former U.S. Representative from Minnesota
Jim Nussle
, former Director of OMB under George W. Bush
Paul O'Neill, former Secretary of the Treasury under George W. Bush
June O'Neill, former director of CBO
Leon Panetta
, former OMB Director and current director of the Central Intelligence Agency
Rudolph Penner, former CBO Director
Timothy Penny, former representative from Minnesota
Peter G. Peterson, former U.S. Secretary of Commerce and founder of Peter G. Peterson Institute
Robert Reischauer
, former director of CBO and current president of the Urban Institute
John J. Rhodes, former representative from Arizona
Alice Rivlin
, founding director of CBO, former member of Federal Reserve Board of Governors
Charles Schultze
, former chairman of the Council of Economic Advisors
Alan K. Simpson
, former Republican senator from Wyoming
James Slattery, former representative from Kansas
John W. Snow
, former Secretary of the Treasury under George W. Bush
John M. Spratt, Jr.
, former House Budget Committee chairman
Elmer Staats, former U.S. Comptroller General
Charles Stenholm
, former representative from Texas
Eugene Steuerle, senior fellow at the Urban Institute
David Stockman
, former Director of OMB under Reagan, former representative from Michigan
Robert Strauss
, former chairman of Democratic National Committee
Lawrence Summers
, former Treasury Secretary and current Director of the National Economic Council
Paul Volcker
, former chairman of the Federal Reserve
David Walker
, former U.S. Comptroller General and director of GAO
Joseph R. Wright, former director of OMB under Ronald Reagan
Robert Giaimo
Robert Nicholas Giaimo was a Democratic US Representative from Connecticut. He co-sponsored the legislation creating the National Endowment for the Arts and the National Endowment for the Humanities...
(D-CT) and Henry Bellmon
Henry Bellmon
Henry Louis "Harry" Bellmon was an American Republican politician from Oklahoma. He was a member of the Oklahoma Legislature, the 18th and 23rd Governor of Oklahoma , and a two-term United States Senator.-Service in World War II:Bellmon was born in Tonkawa, Oklahoma and graduated from Billings...
(R-OK), and its board of directors includes former Members of Congress
United States Congress
The United States Congress is the bicameral legislature of the federal government of the United States, consisting of the Senate and the House of Representatives. The Congress meets in the United States Capitol in Washington, D.C....
and directors of the Office of Management and Budget, the Congressional Budget Office
Congressional Budget Office
The Congressional Budget Office is a federal agency within the legislative branch of the United States government that provides economic data to Congress....
and the Federal Reserve. CRFB is also host of the Peterson-Pew Commission on Budget Reform, which released its initial report, Red Ink Rising, in December 2009 and its second report, Getting Back in the Black, in November 2010.
Leadership
The Committee’s current President is Maya MacGuineas, who also serves as Director of the Fiscal Policy Program at the New America FoundationNew America Foundation
The New America Foundation is a non-profit public policy institute and think tank with offices in Washington, D.C. and Sacramento, CA. It was founded in 1999 by Ted Halstead, Sherle Schwenninger, Michael Lind and Walter Russell Mead....
. CRFB’s board of directors is co-chaired by William Frenzel (R-MN), Timothy Penny (I-MN), and Charles Stenholm
Charles Stenholm
Charles Walter "Charlie" Stenholm, is a politician from the state of Texas. He was a member of the United States House of Representatives for 13 terms, from 1979 to 2005....
(D-TX), all former Congressional representatives.
The organization’s activities are overseen by a 32 member board of directors made up of experts and prominent figures in federal budget, tax and fiscal policy.
A large part of the board is made up of former directors of major budget-related government offices including the Congressional Budget Office
Congressional Budget Office
The Congressional Budget Office is a federal agency within the legislative branch of the United States government that provides economic data to Congress....
(CBO), the Office of Management and Budget (OMB), the House and Senate Budget Committees, and the Federal Reserve Board of Governors
Federal Reserve Board of Governors
The Federal Reserve Board of Governors is the main governing body of the Federal Reserve System. It is charged with overseeing the 12 District Reserve Banks and with helping implement national monetary policy. Governors are appointed by the President of the United States and confirmed by the Senate...
. The group also includes numerous former Congressmen, former U.S. Comptrollers General, university and think tank experts on fiscal policy, and prominent members of the business and legal community.
Research and publications
CRFB focuses on many issues including deficit reduction, "entitlement" reform, fundamental tax reform, improving the budget process, and other topical issues as they arise.It is perhaps best known for the reports it produces on both current issues and long-term trends in the federal government’s finances. In the past, CRFB has produced analyses in areas including:
- The stages in the annual federal budget cycle (e.g., the President’s budget submission, Congressional Budget Resolution, etc.)
- Developments and changes in Congressional budget procedures and process
- The status and future prospects of long-term government “entitlement” programs (e.g., Medicare, Medicaid, and Social Security)
- The findings of regular financial and budgetary reports put out by government offices (e.g., the Congressional Budget Office’s “Monthly Budget Report” and annual “Budget and Economic Outlook”)
- Tax and spending bills proposed by Congress or the President
- The costs of the candidates’ campaign promises during the 2008 Presidential Election
- The fiscal implications of the government’s actions during the Economic and Financial Crisis of 2008–2009
- Major public policy initiatives (e.g., health care reform).
The organization also releases regular press releases on day-to-day news developments related to federal budget, tax, and fiscal policy.
History
The organization was founded by former representative and Chairman of the House Budget Committee Robert GiaimoRobert Giaimo
Robert Nicholas Giaimo was a Democratic US Representative from Connecticut. He co-sponsored the legislation creating the National Endowment for the Arts and the National Endowment for the Humanities...
(D-CT) and former representative and Ranking Budget Committee member Henry Bellmon
Henry Bellmon
Henry Louis "Harry" Bellmon was an American Republican politician from Oklahoma. He was a member of the Oklahoma Legislature, the 18th and 23rd Governor of Oklahoma , and a two-term United States Senator.-Service in World War II:Bellmon was born in Tonkawa, Oklahoma and graduated from Billings...
(R-OK) on June 10, 1981. After leaving Congress, the two decided that the country needed an organization outside government committed to advocating for sound budget process, and decided to convene a group including other former Budget Committee Chairmen, former Directors of the Office of Management and Budget, leading economists, and businessmen.
The Committee’s first president was Carol Cox Wait, who served until 2003 and now sits on CRFB’s board of directors.
Based at the New America Foundation
Since 2004, the organization has been based at the New America FoundationNew America Foundation
The New America Foundation is a non-profit public policy institute and think tank with offices in Washington, D.C. and Sacramento, CA. It was founded in 1999 by Ted Halstead, Sherle Schwenninger, Michael Lind and Walter Russell Mead....
, a non-profit, non-partisan, Washington, D.C.-area public policy “think tank.” Maya MacGuineas
Maya MacGuineas
Maya MacGuineas is the President of the Committee for a Responsible Federal Budget -- a bipartisan, non-profit organization in the United States committed to educating the public about issues that have significant fiscal policy impact...
, President of CRFB, is also the Program Director of New America’s Fiscal Policy Program, and most of CRFB’s staff is also co-appointed to positions at New America.
Go Big
CRFB launched the Go Big initiative after The Budget Control Act of 2011, enacted in early August to raise the debt-ceiling and avoid default, tasked a bipartisan 12-member Joint Congressional Committee on Deficit Reduction (Super Committee) with finding an additional $1.5 trillion in deficit reduction by November 23rd. If the Super Committee fails to report at least $1.2 trillion in savings, across-the-board spending cuts will be triggered, taking effect in 2013 in order to bring ten-year savings up to $1.2 trillion. Even if the Super Committee succeeds in its task of finding $1.5 trillion in deficit reduction, that amount would be insufficient to stabilize and reduce the national debt as a percentage of GDP. For this reason, CRFB launched "Go Big" in an effort to urge the Super Committee to exceed its savings mandate of $1.5 trillion and enact a bipartisan, comprehensive fiscal reform plan.Moment of Truth Project
In early 2011, former fiscal commission co-chairs Erskine Bowles and Alan Simpson launched the Moment of Truth Project, a non-profit, non-partisan effort that seeks to foster honest discussion about the nation's fiscal challenges, the difficult choices that must be made to solve them, and the potential for bipartisan compromise that can move the debate forward and set our country on a sustainable path. The Moment of Truth project aims to use the Fiscal Commission’s findings to spark a national discussion on the need to implement a comprehensive budget fix, and to help further develop the policy reforms ideas to improve the nation’s fiscal outlook.Stimulus.org
In early 2009, CRFB unveiled Stimulus.org, a database which aims to track the spending and deficit impact of all major government actions taken in response to the economic and financial crisis.On the April 5, 2009 edition of CBS’ Face the Nation
Face the Nation
Face the Nation with Bob Schieffer is an American Sunday-morning political interview show which premiered on the CBS television network on November 7, 1954. It is one of the longest-running news programs in the history of television...
, host Bob Schieffer
Bob Schieffer
Bob Lloyd Schieffer is an American television journalist who has been with CBS News since 1969, serving 23 years as anchor on the Saturday edition of CBS Evening News from 1973 to 1996; chief Washington correspondent since 1982, moderator of the Sunday public affairs show Face the Nation since...
used figures from CRFB’s “Stimulus Watch” chart while questioning Treasury Secretary Timothy Geithner about the amount of Troubled Asset Relief Program (TARP) funds that remained unspent.
Peterson-Pew Commission on Budget Reform
In late 2008, CRFB received support from the Peter G. Peterson Foundation and the Pew Charitable Trusts to create a new commission that would explore options for reforming the federal budget process.The commission is directed by Jim Bates, former Chief Counsel and Staff Director of the U.S. House Committee on the Budget, and former Associate Director of Energy, Natural Resources, Agriculture, & Science at the Office of Management and Budget.
US Budget Watch
In 2008, the organization received a grant from the Pew Charitable Trusts to raise the public understanding of important fiscal matters facing the country during the 2008 election. This project, called US Budget Watch, was also tasked with tracking the candidates’ tax and spending promises both during and after the election.The project’s most high-profile contribution to the public debate was its series of “Voter Guides,”http://www.usbudgetwatch.org/reports which attempted to tabulate the costs of then-Senator Barack Obama’s and Senator John McCain’s campaign promises. The project's "Promises, Promises: A Fiscal Voter Guide to the 2008 Election" was widely cited in the mainstream media
Mainstream media
Mainstream media are those media disseminated via the largest distribution channels, which therefore represent what the majority of media consumers are likely to encounter...
during the campaign. CNN
CNN
Cable News Network is a U.S. cable news channel founded in 1980 by Ted Turner. Upon its launch, CNN was the first channel to provide 24-hour television news coverage, and the first all-news television channel in the United States...
called it “the most detailed analysis of McCain's and Obama's budget plans.".
On October 15, 2008, during the third debate of the 2008 presidential election
United States presidential election, 2008
The United States presidential election of 2008 was the 56th quadrennial presidential election. It was held on November 4, 2008. Democrat Barack Obama, then the junior United States Senator from Illinois, defeated Republican John McCain, the senior U.S. Senator from Arizona. Obama received 365...
, moderator Bob Schieffer asked a question citing US Budget Watch's voter guides about the effects of the candidates' proposed policies on the deficit.
Fiscal Roadmap Project
CRFB’s "Fiscal Roadmap Project" is an initiative seeking to outline how the U.S. can move from stabilizing the economy during financial crisis to addressing its long-term fiscal problems. The ultimate goal of the project is to show how policymakers can eventually put the country in what CRFB regards as a sounder fiscal position. The project has so far released at least two long analyses, one on deficits and another on the activities of the Federal Reserve during the Economic and Financial Crisis of 2008-2009. The Fiscal Roadmap project is directed by Anne Vorce, former U.S. economic expert for the European Commission.The Bottom Line
CRFB also publishes a blog titled The Bottom Line, which features up to date news stories, as well as opinion pieces and general information, regarding issues that affect fiscal policy. The blog is updated daily with new posts accompanied by relevant graphics and links.Prominent past and current board members
Roy AshRoy Ash
Roy L. Ash was the co-founder and president of Litton Industries and director of the Office of Management and Budget during the administrations of U.S...
, former OMB Director for Nixon and Ford administrations
Nancy Kassenbaum Baker, former Senator from Kansas
Henry Bellmon
Henry Bellmon
Henry Louis "Harry" Bellmon was an American Republican politician from Oklahoma. He was a member of the Oklahoma Legislature, the 18th and 23rd Governor of Oklahoma , and a two-term United States Senator.-Service in World War II:Bellmon was born in Tonkawa, Oklahoma and graduated from Billings...
, former Governor of Oklahoma and U.S. Senator from Oklahoma and co-founder of CRFB
Erskine Bowles
Erskine Bowles
Erskine Boyce Bowles is an American businessman and political figure from North Carolina. He served from 2005 to 2010 as the President of the University of North Carolina system...
, former co-chairmen of the National Commission on Fiscal Responsibility and Reform
Charles Bowsher, former Comptroller General of GAO
Gao
Gao is a town in eastern Mali on the River Niger lying ESE of Timbuktu. Situated on the left bank of the river at the junction with the Tilemsi valley, it is the capital of the Gao Region and had a population of 86,663 in 2009....
under Reagan administration
Dan Crippen
Dan Crippen
Dan Crippen is the executive director of the National Governors Association. He is a former Director of the Congressional Budget Office and Assistant to the President for Ronald Reagan. Crippen most recently served on NASA's Aerospace Safety Advisory Panel. He graduated from the University of...
, former CBO Director from 1999–2003
Dick Darman, former OMB Director under George H.W. Bush administration
Vic Fazio, former representative from Oklahoma
William Frenzel, former representative from Oklahoma
Willis D. Gradison, Jr., former representative from Ohio
William H. Gray, III, former representative from Pennsylvania
Alan Greenspan
Alan Greenspan
Alan Greenspan is an American economist who served as Chairman of the Federal Reserve of the United States from 1987 to 2006. He currently works as a private advisor and provides consulting for firms through his company, Greenspan Associates LLC...
, former Chairman of the Federal Reserve
Douglas Holtz-Eakin
Douglas Holtz-Eakin
Douglas J. "Doug" Holtz-Eakin is an American economist, former professor, former Director of the Congressional Budget Office and former chief economic policy adviser to U.S...
, former Director of CBO, economic advisor to McCain 2008 presidential campaign
James Jones
James Robert Jones
James Robert "Jim" Jones is a lawyer, a Democratic politician, a retired U.S. Congressman from Oklahoma, and a former U.S. Ambassador to Mexico....
, former chief of staff to Lyndon Johnson
Jim Kolbe
Jim Kolbe
James Thomas "Jim" Kolbe is a former Republican member of the United States House of Representatives for Arizona's 8th congressional district, serving 11 terms from 1985 to 2007.-Early life:...
, former representative from Arizona
James Lynn, former Director of OMB
David Minge
David Minge
David R. Minge is an American Judge and former political figure. David Minge currently serves as a Judge on the Minnesota Court of Appeals...
, former U.S. Representative from Minnesota
Jim Nussle
Jim Nussle
James Allen "Jim" Nussle is an American politician and was the director of the Office of Management and Budget. Nussle was a Republican member of the United States House of Representatives from 1991 to 2007...
, former Director of OMB under George W. Bush
Paul O'Neill, former Secretary of the Treasury under George W. Bush
George W. Bush
George Walker Bush is an American politician who served as the 43rd President of the United States, from 2001 to 2009. Before that, he was the 46th Governor of Texas, having served from 1995 to 2000....
June O'Neill, former director of CBO
Leon Panetta
Leon Panetta
Leon Edward Panetta is the 23rd and current United States Secretary of Defense, serving in the administration of President Barack Obama since 2011. Prior to taking office, he served as Director of the Central Intelligence Agency...
, former OMB Director and current director of the Central Intelligence Agency
Rudolph Penner, former CBO Director
Timothy Penny, former representative from Minnesota
Peter G. Peterson, former U.S. Secretary of Commerce and founder of Peter G. Peterson Institute
Robert Reischauer
Robert Reischauer
Robert D. Reischauer is an economist and president of the Urban Institute, a nonpartisan social and economic policy research institute in Washington D.C. He is a nationally known expert on the federal budget, health reform, Medicare, and Social Security...
, former director of CBO and current president of the Urban Institute
John J. Rhodes, former representative from Arizona
Alice Rivlin
Alice Rivlin
Alice Mitchell Rivlin is an economist, a former U.S. Cabinet official, and an expert on the budget. She has served as the Vice Chairman of the Federal Reserve, the Director of the White House Office of Management and Budget, and the first Director of the Congressional Budget Office...
, founding director of CBO, former member of Federal Reserve Board of Governors
Charles Schultze
Charles Schultze
Charles L. Schultze is a United States economist and public policy analyst. He served as chairman of the United States Council of Economic Advisers during the Carter Administration. In the 1960s Schultze was appointed assistant director of the U.S. Bureau of the Budget by President John F...
, former chairman of the Council of Economic Advisors
Alan K. Simpson
Alan K. Simpson
Alan Kooi Simpson is an American politician who served from 1979 to 1997 as a United States Senator from Wyoming as a member of the Republican Party. His father, Milward L. Simpson, was also a member of the U.S...
, former Republican senator from Wyoming
James Slattery, former representative from Kansas
John W. Snow
John W. Snow
| image=John W. Snow.jpg|imagesize = 250px| order=73rd| title=United States Secretary of the Treasury| term_start=February 3, 2003| term_end=June 28, 2006| predecessor=Paul O'Neill| successor=Henry Paulson| birth_date=| birth_place=Toledo, Ohio...
, former Secretary of the Treasury under George W. Bush
George W. Bush
George Walker Bush is an American politician who served as the 43rd President of the United States, from 2001 to 2009. Before that, he was the 46th Governor of Texas, having served from 1995 to 2000....
John M. Spratt, Jr.
John M. Spratt, Jr.
John McKee Spratt, Jr. is the former U.S. Representative for , serving from 1983 until 2011. He is a member of the Democratic Party. Spratt was the dean of the South Carolina congressional delegation, chairman of the U.S. House Committee on the Budget, and the second ranking Democrat on the U.S...
, former House Budget Committee chairman
Elmer Staats, former U.S. Comptroller General
Charles Stenholm
Charles Stenholm
Charles Walter "Charlie" Stenholm, is a politician from the state of Texas. He was a member of the United States House of Representatives for 13 terms, from 1979 to 2005....
, former representative from Texas
Eugene Steuerle, senior fellow at the Urban Institute
David Stockman
David Stockman
David Alan Stockman is a former U.S. politician and businessman, serving as a Republican U.S. Representative from the state of Michigan and as the Director of the Office of Management and Budget ....
, former Director of OMB under Reagan, former representative from Michigan
Robert Strauss
Robert Schwarz Strauss
Robert Schwarz Strauss is a figure in American politics and diplomacy. A Texas political figure, Strauss’s political service dates back to future president Lyndon Johnson’s first congressional campaign in 1937. By the 1950s, he was associated in Texas politics with the conservative faction of...
, former chairman of Democratic National Committee
Lawrence Summers
Lawrence Summers
Lawrence Henry Summers is an American economist. He served as the 71st United States Secretary of the Treasury from 1999 to 2001 under President Bill Clinton. He was Director of the White House United States National Economic Council for President Barack Obama until November 2010.Summers is the...
, former Treasury Secretary and current Director of the National Economic Council
Paul Volcker
Paul Volcker
Paul Adolph Volcker, Jr. is an American economist. He was the Chairman of the Federal Reserve under United States Presidents Jimmy Carter and Ronald Reagan from August 1979 to August 1987. He is widely credited with ending the high levels of inflation seen in the United States in the 1970s and...
, former chairman of the Federal Reserve
David Walker
David M. Walker (U.S. Comptroller General)
David M. Walker served as United States Comptroller General from 1998 to 2008, and is now the Founder and CEO of the Comeback America Initiative.- Career as Comptroller General :...
, former U.S. Comptroller General and director of GAO
Joseph R. Wright, former director of OMB under Ronald Reagan
Ronald Reagan
Ronald Wilson Reagan was the 40th President of the United States , the 33rd Governor of California and, prior to that, a radio, film and television actor....
See also
- Fiscal responsibility
- United States federal budgetUnited States federal budgetThe Budget of the United States Government is the President's proposal to the U.S. Congress which recommends funding levels for the next fiscal year, beginning October 1. Congressional decisions are governed by rules and legislation regarding the federal budget process...
- United States public debtUnited States public debtThe United States public debt is the money borrowed by the federal government of the United States at any one time through the issue of securities by the Treasury and other federal government agencies...
- PAYGOPAYGOPAYGO is the practice in the United States of financing expenditures with funds that are currently available rather than borrowed.-Budgeting:The PAYGO compels new spending or tax changes not to add to the federal deficit. Not to be confused with pay-as-you-go financing, which is when a government...
External links
- Committee for a Responsible Federal Budget
- The Bottom Line
- US Budget Watch
- Stimulus.org
- Pew Charitable Trusts
- Peter G. Peterson Foundation
- CRFB President Maya MacGuineas on Economic Stimulus
- NPR "Marketplace" Feature on Stimulus Watch
- Article on Stimulus Watch in the National Journal
- Washington Post Article Citing CRFB TARP numbers
- Politico Article on Peterson-Pew Budget Commission
- CRFB Policy Paper "What We Hope to See From the Super Committee"
- CRFB's "Go Big" Resource Page