Long-Term Budget Analysis
- Blog Post
As the Population Ages, Social Security’s Spending Is Projected to Outpace Its Tax Revenues
CBO estimates that in fiscal year 2012, spending for Social Security totaled $773 billion, equal to about 5 percent of gross domestic product and one-fifth of federal spending. As more members of the baby-boom generation retire and the U.S.
- Blog Post
Breakfast with Reporters
I was pleased to speak early yesterday with a group of reporters who gather regularly at the invitation of the Christian Science Monitor. (Audio of the event is below.)
- Blog Post
CBO Testified on the Long-Term Budget Outlook
I testified this morning to the House Budget Committee about the Long-Term Budget Outlook that CBO released yesterday.
- Blog Post
CBO Releases the 2012 Long-Term Budget Outlook
This morning CBO released the latest in its series of reports on the long-term budget outlook. CBO also published an infographic that highlights the key points of the report.
- Blog Post
CBO to Release 2012 Long-Term Budget Outlook Next Week
CBO plans to release its 2012 Long-Term Budget Outlook on Tuesday, June 5. The report will be available on CBO's website at 10 a.m. EDT. The 2011 report is available here.
- Blog Post
Alternative Approaches for Reducing Budget Deficits
The explosive path of federal debt that CBO projects under what many observers would view as current policies underscores the need for policy changes to put the nation on a sustainable course.
- Blog Post
CBO Releases a Report on the Long-Term Budgetary Impact of Paths for Federal Revenues and Spending Specified by Chairman Ryan
At the request of the Chairman of the House Budget Committee, Congressman Paul Ryan, CBO has calculated the long-term budgetary impact of paths for federal revenues and spending specified by the Chairman and his staff.
- Blog Post
Presentation at the Macroeconomic Advisers’ Washington Policy Conference
Yesterday I spoke at the Macroeconomic Advisers’ Washington Policy Conference. My presentation focused on the significant and fundamental budgetary challenges facing our nation.
- Blog Post
Testimony Before the Joint Select Committee on Deficit Reduction
This morning I testified before the Joint Select Committee on Deficit Reduction—the body created under the Budget Control Act to propose further deficit reductions totaling at least $1.5 trillion over 10 yea
- Blog Post
CBO's Long-Term Social Security Projections
CBO projects that in fiscal year 2011, outlays for Social Security will total $733 billion, one-fifth of the federal budget. About 56 million people will receive Social Security benefits this year.