Budgets & Projections
Latest
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Drivers of the Debt: Aging in the Medium Term, Health Costs Over the Long Term
The recent CBO Long-Term Budget Outlook confirmed that our long-term debt problems remain far from solved, with debt projected to exceed the size of...
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Actually, Paul, the Debt is Still a Problem
In a recent New York Times column, economist Paul Krugman argued that the focus on the national debt represented “an imaginary budget and debt crisis...
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Economic Effects of the President's Budget: It's All About Immigration Reform
In its release this week of the economic effects of the President's budget, CBO found it would increase the size of the economy, mainly due to...
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How to Deal With Budget Projection Uncertainty
In our series on the long-term budget outlook, we covered how debt projections would change if some of CBO's economic and technical assumptions turned...
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Pension Smoothing Does Not Reduce the Deficit
In the coming days, the Senate will vote on the House-passed measure to replenish the Highway Trust Fund. The bill is a last-ditch effort to prevent...
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Trust Fund Insolvency Dates Are Approaching Fast
Although most of our analysis of CBO's Long-Term Budget Outlook has focused on debt projections, CBO also makes projections about the solvency of...
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What If...
Any budget projection is inherently uncertain, and that uncertainty is magnified when the projection period is extended to 25 or 75 years, as the...
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CBO: Consequences of a Growing National Debt
In addition to showing the path of future debt, CBO's Long-Term Budget Outlook described the consequences of a large and growing federal debt. The...
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CRFB's Maya MacGuineas on the Long-Term Budget Outlook
This week, CRFB President Maya MacGuineas appeared on Bloomberg Television to discuss the CBO's Long-Term Budget Outlook and how imperative it is for...
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Dissecting the Good Health Care Spending News in CBO's Long-Term Outlook
The Congressional Budget Office’s (CBO) new Long-Term Budget Outlook presents plenty of good news on Medicare costs yet still highlights the role that...
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High Debt Drags Down The Economy
New calculations in the Congressional Budget Office's Long-Term Budget Outlook show that the high debt projected under current law could diminish...
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Quantifying the Cost of Waiting to Address Debt
The Congressional Budget Office's (CBO) Long-Term Budget Outlook shows a clearly unsustainable debt path over the long term, one that policymakers...