Long-Term Outlook Series 2014

Sources of Spending Growth in CBO's Baseline

CBO's recent budget projections reaffirm that our debt problems are significant. Entitlements are projected to grow, as a result of a retiring...

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...

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...

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...

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...

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...

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....
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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...

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...

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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