S-1. CBO’s Baseline Budget Outlook
S-2. CBO’s Economic Projections for Calendar Years 2008 to 2018
1-1. Projected Deficits and Surpluses in CBO’s Baseline
1-2. Average Annual Growth Rates of Revenues and Outlays Since 1997 and in CBO’s Baseline
1-3. CBO’s Baseline Budget Projections
1-4. Changes in CBO’s Baseline Projections of the Deficit Since August 2007
1-5. The Budgetary Effects of Selected Policy Alternatives Not Included in CBO’s Baseline
1-6. CBO’s Baseline Projections of Federal Debt
2-1. CBO’s Economic Projections for Calendar Years 2008 to 2018
2-2. Key Assumptions in CBO’s Projection of Potential Output
2-3. CBO’s Current and Previous Economic Projections for Calendar Years 2007 to 2017
2-4. Comparison of Economic Forecasts by CBO, the Administration, and the Blue Chip Consensus for Calendar Years 2008 to 2013
2-5. Comparison of Economic Forecasts by the Federal Reserve and CBO for Calendar Years 2007, 2008, and 2009
3-1.CBO’s Projections of Outlays Under Assumptions for the Baseline
3-2. Average Annual Rates of Growth in Outlays Since 1997 and Under CBO’s Baseline
3-3. CBO’s Baseline Projections of Mandatory Outlays
3-4. Sources of Growth in Mandatory Outlays
3-5. CBO’s Baseline Projections of Offsetting Receipts
3-6. Costs for Mandatory Programs That CBO’s Baseline Assumes Will Continue Beyond Their Current Expiration Dates
3-7. Defense and Nondefense Discretionary Outlays, 1985 to 2008
3-8. Growth in Discretionary Budget Authority, 2007 to 2008
3-9. Nondefense Discretionary Funding for 2008
3-10. CBO’s Projections of Discretionary Spending Under Selected Policy Alternatives
3-11. CBO’s Baseline Projections of Federal Interest Outlays
4-1. CBO’s Projections of Revenues
4-2. CBO’s Projections of Individual Income Tax Receipts and the NIPA Tax Base
4-3. Actual and Projected Capital Gains Realizations and Taxes
4-4. CBO’s Projections of Social Insurance Tax Receipts and the Social Insurance Tax Base
4-5. CBO’s Projections of Social Insurance Tax Receipts, by Source
4-6. CBO’s Projections of Corporate Income Tax Receipts and Tax Bases
4-7. CBO’s Projections of Excise Tax Receipts, by Category
4-8. CBO’s Projections of Other Sources of Revenue
4-9. Effects of Extending Tax Provisions Scheduled to Expire Before 2018
A-1. Changes in CBO’s Baseline Projections of the Deficit or Surplus Since August 2007
A-2. Changes in CBO’s Baseline Projections of Discretionary Outlays Since August 2007
B-1. CBO’s Baseline Projections of Trust Fund Surpluses
B-2. CBO’s Baseline Projections of Federal Debt
C-1. How Selected Economic Changes Might Affect CBO’s Baseline Budget Projections
D-1. Relationship of the Budget to the Federal Sector of the NIPAs
D-2. Baseline Receipts and Expenditures as Measured by the NIPAs
E-1. CBO’s Year-by-Year Forecast and Projections for Calendar Years 2008 to 2018
E-2. CBO’s Year-by-Year Forecast and Projections for Fiscal Years 2008 to 2018
F-1. Revenues, Outlays, Deficits, Surpluses, and Debt Held by the Public, 1968 to 2007, in Billions of Dollars
F-2. Revenues, Outlays, Deficits, Surpluses, and Debt Held by the Public, 1968 to 2007, as a Percentage of Gross Domestic Product
F-3. Revenues by Major Source, 1968 to 2007, in Billions of Dollars
F-4. Revenues by Major Source, 1968 to 2007, as a Percentage of Gross Domestic Product
F-5. Outlays for Major Categories of Spending, 1968 to 2007, in Billions of Dollars
F-6. Outlays for Major Categories of Spending, 1968 to 2007, as a Percentage of Gross Domestic Product
F-7. Discretionary Outlays, 1968 to 2007, in Billions of Dollars
F-8. Discretionary Outlays, 1968 to 2007, as a Percentage of Gross Domestic Product
F-9. Outlays for Mandatory Spending, 1968 to 2007, in Billions of Dollars
F-10. Outlays for Mandatory Spending, 1968 to 2007, as a Percentage of Gross Domestic Product
F-11. Deficits, Surpluses, Debt, and Related Series, 1968 to 2007
F-12. Standardized-Budget Deficit or Surplus and Related Series, 1968 to 2007, in Billions of Dollars
F-13. Standardized-Budget Deficit or Surplus and Related Series, 1968 to 2007, as a Percentage of Potential Gross Domestic Product
S-1. Projected Growth of the U.S. Economy and Federal Spending for Major Mandatory Programs
S-2. Total Revenues and Outlays as a Percentage of Gross Domestic Product
1-1. The Total Deficit or Surplus as a Share of Gross Domestic Product, 1968 to 2018
1-2. Debt Held by the Public as a Share of Gross Domestic Product, 1940 to 2018
1-3. Uncertainty of CBO’s Projections of the Budget Deficit or Surplus Under Current Policies
1-4. Projected Federal Spending Over the Long Term
2-2. Corporate Bond Yields and Mortgage Rates
2-3. Outstanding Amounts of Commercial Paper, by Issuer
2-4. Banks’ Commercial and Industrial Loans and Investment in Securities
2-5. Housing Starts and the Underlying Demand for New Housing
2-6. Inflation-Adjusted Prices of Houses
2-8. Real Business Fixed Investment
2-9. Nominal Trade-Weighted Value of the Dollar
2-10. Overall and Core PCE Price Indexes
2-11. Inflation-Adjusted Price of Crude Oil
2-12. Food Price Inflation and Foodstuffs Prices
2-13. Total Factor Productivity
2-14. Total Labor Income and Wages and Salaries
2-15. Domestic Profits and Businesses’ Interest Payments
3-1. Major Components of Spending, 1968 to 2018
3-2. Caseload Growth in Social Security and Medicare, 1995 to 2018
4-1. Total Revenues as a Share of Gross Domestic Product, 1968 to 2018
4-2. Annual Growth of Federal Revenues and Gross Domestic Product, 1968 to 2018
4-3. Revenues, by Source, as a Share of Gross Domestic Product, 1968 to 2018
4-4. Effects of the Individual Alternative Minimum Tax in CBO’s Baseline
4-5. Capital Gains Realizations as a Share of Gross Domestic Product, Calendar Years 1954 to 2018
B-1. CBO’s Baseline Projections of Surpluses in Social Security’s Trust Funds
B-2. CBO’s Baseline Projection of Debt Subject to Limit, October 2006 to September 2009
1-1. Funding for Activities in Iraq and Afghanistan and for the War on Terrorism
2-1. Conforming Mortgages and the Role of Fannie Mae and Freddie Mac
2-2. Structured Investment Vehicles
2-3. The Federal Reserve’s Term Auction Facility
3-1. Categories of Federal Spending
3-2. Medicare’s Prescription Drug Benefit
3-3. CBO’s Baseline Projections of Spending to Support Agriculture
4-1. Tax Bases and Tax Liability