CBO estimates that the Obama Administration’s 2017 plans for nuclear forces would cost $1.2 trillion (in 2017 dollars) over the 2017–2046 period. CBO analyzed nine options that would reduce those costs or delay some of them.
This report explains the changes to CBO’s long-term Social Security projections since last year. Compared with those made in July 2016, CBO’s latest projections indicate a slight improvement in the financial outlook for Social Security.
This report explains the various measures and approaches for quantifying the adequacy of retirement income, providing a framework for further analysis.
CBO examined possible changes to the Department of Defense’s Military Health System, analyzing the effects of those changes on the federal budget, the quality of military health care, and preparedness for wartime missions.
CBO presents new estimates of the budgetary effects of options for a premium support system for Medicare and examines the reasons for the changes in the estimates, including changes in law that have affected the Medicare program.
Funding for support functions consumes more of the defense budget today than it did in the 1980s, CBO finds. The largest increases were in health care, DoD management, communications infrastructure, and the science and technology program.
CBO’s economic forecasts have been comparable in quality to those of the Administration and the Blue Chip consensus. Large errors in CBO’s forecasts tend to reflect challenges faced by all forecasters.