Archives: Budget Digests
Budget Digest
The Challenge of Balancing the Budget
As Congress turns to the fiscal year 2018 budget, the fiscal outlook suffers from a weak economy, mounting pressure on spending, and deeper projected deficits.
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What is a Budget Resolution?
The budget is a concurrent resolution – a solely congressional measure, agreed to by the House and Senate, that does not require the President’s signature to become the blueprint for fiscal policy.
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An Opportunity for Patient-Centered Health Care Reform
The AHCA is one of three fronts for advancing the cause of patient-centered care.
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American Health Care Act: CBO Cost Estimate
According to the Congressional Budget Office [CBO] cost estimate released this week, enacting this bill will reduce projected Federal spending by $1.2 trillion through 2026, and will reduce deficits by $337 billion.
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Patient-Centered Health Care
Policies under consideration would provide a stable transition from Obamacare’s Washington mandates and unchecked spending to patient-centered reforms including the following:
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Improper Government Payments and the Tax Gap
Improper payments are defined as those made in incorrect amounts (mostly overpayments), to the wrong entity, or for the wrong reason. The Government Accountability Office [GAO] says these payments totaled $136.7 billion in fiscal year 2015...
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The Link Between Deficits and Debt
For the first time in five years, the Federal budget deficit increased in fiscal year 2016, rising to $587 billion from $438 billion in 2015. The increase stemmed from a sizeable excess of government spending over revenue.
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CBO's Budget and Economic Outlook for 2017-2027
The best way to avoid a future of high Federal debt and weak economic growth is for Congress to pass a budget that oultines a long-term, fiscally sustainable path.
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The Challenge of Balancing the Budget
As Congress turns to the fiscal year 2018 budget, the fiscal outlook suffers from a weak economy, mounting pressure on spending, and deeper projected deficits.
Read More