CBO published its 2016 Long-Term Budget Outlook in July, describing the agency’s projections of federal spending and revenues over the next 30 years. This blog post focuses on the spending of Social Security and major health care programs.
The U.S. military’s capabilities and budget are determined primarily by its forces. This report describes each type of major combat unit’s structure, function, strengths and limitations, past usage, size, and cost.
If current laws remained generally unchanged, the United States would face steadily increasing federal budget deficits and debt over the next 30 years—reaching the highest level of debt relative to GDP ever experienced in this country.
The federal budget deficit was $397 billion for the first nine months of fiscal year 2016, the Congressional Budget Office estimates—$81 billion more than the shortfall recorded during the same period last year.