Long-Term Budget Analysis
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The Macroeconomic and Budgetary Effects of an Illustrative Policy for Reducing the Federal Budget Deficit
Adopting a deficit reduction plan would have three kinds of effects on the budget. One would be the direct effect of the plan’s changes to spending and revenues. A second effect would be a reduction in interest payments by the government, as smaller deficits would result in lower federal debt.
- Blog Post
CBO Testified on the Long-Term Budget Outlook
This morning I testified before the House Budget Committee on our long-term budget outlook that was released yesterday.
- Blog Post
CBO's 2011 Long-Term Budget Outlook
Recently, the federal government has been recording budget deficits that are the largest as a share of the economy since 1945. Consequently, the amount of federal debt held by the public has surged.
- Blog Post
Federal Budget Math: We Can
I was pleased to talk last Thursday at the Federal Reserve Bank of New York.
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Long-Term Analysis of a Budget Proposal by Chairman Ryan
In response to a request from House Budget Committee Chairman Paul Ryan, CBO has conducted a long-term analysis of a proposal to substantially change federal payments under the Medicare and Medicaid programs, eliminate the subsidies to be provided thro
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Migrants' Remittances and Related Economic Flows
Migrants’ remittances—payments sent by foreign-born workers back to their home country—have become a significant source of monetary inflows for many countries. As one of the most important destinations of global migration, the United States is the single largest national source of remittances.
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Economic Impacts of Waiting to Resolve the Long-Term Budget Imbalance
Under current policies, the aging of the U.S. population and increases in health care costs will almost certainly push up federal spending significantly in coming decades relative to the size of the economy.
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CBO's 2010 Long-Term Projections for Social Security: Additional Information
Social Security is the federal government’s largest single program; outlays in fiscal year 2010 totaled $706 billion, roughly one-fifth of the federal budget. About 54 million people currently receive Social Security benefits.
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The Economic Outlook and Fiscal Policy Choices
I testified this morning to the Senate Budget Committee about the economic outlook and CBO’s analysis of the potential impact on the economy of various fiscal policy options.
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Corrections to CBO's Long-Term Budget Outlook
In responding to questions raised by Congressional staff and outside analysts, we have found some errors in one section of our report The Long-Term Budget Outlook, which was released on June 30, 2010 and discussed in a previous blog entry.