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- Report
In lieu of publishing a separate report providing additional information about CBO’s long-term projections for Social Security, the agency is publishing the data that it would have presented in that report.
- Report
This document provides additional information about the baseline budget projections that CBO released on February 11, 2021.
- Report
CBO presents its projections of the federal budget for the next 30 years if current laws governing taxes and spending generally did not change. Growth in revenues would be outpaced by growth in spending, leading to rising deficits and debt.
- Report
If current laws governing taxes and spending generally remain unchanged, CBO projects, in 2021, the federal budget deficit will total $2.3 trillion, federal debt will reach 102 percent of GDP, and real GDP will grow by 3.7 percent.
- Report
If the Raise the Wage Act of 2021 was enacted in March 2021, the cumulative budget deficit over the 2021–2031 period would increase by $54 billion.
- Report
In this letter, CBO responds to a question about the national average wage index, which is used in the calculation of Social Security benefits.
- Report
The Subcommittee on Fiscal Responsibility and Economic Growth of the Senate Committee on Finance convened a hearing at which Director Phillip Swagel testified. This document provides CBO’s answers to questions submitted for the record.
- Report
- Working Paper
Privatizing Versus Prefunding Social Security in a Stochastic Economy
- Working Paper
Opting Out of Social Security and Adverse Selection