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- Working Paper
This paper shows that considering an aging population is important in analyzing long-term policy changes that involve intergenerational transfers.
- Report
Testimony before the Committee on the Budget, U.S. House of Representatives.
- Presentation
Director Doug Elmendorf’s slides from his press briefing on The 2013 Long-Term Budget Outlook
- Report
Federal debt would grow to 100 percent of GDP by 2038 under current law, CBO projects, and would be on an upward path relative to the size of the economy—a trend that could not be sustained indefinitely.
- Working Paper
This paper reviews the broad contours of total factor productivity growth in the U.S. economy since 1870, highlighting the contribution of various technological innovations to the growth of different sectors of the economy.
- Report
CBO projects that in fiscal year 2011, Social Security's outlays will total $733 billion, one-fifth of the federal budget; OASI payments will account for about 82 percent of those outlays, and DI payments, about 18 percent.
- Blog Post
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. Most are retired workers, their spouses, their children, or their survivors, who receive payments through Old-Age and Survivors Insurance (OASI). The remainder consist of disabled workers or their spouses and children, who receive Disability Insurance (DI) benefits.
- Graphic
CBO's first infographic summarizes some of the agency's most recent projections for Social Security and provides background information on the program.
- Report
Testimony before the Committee on the Budget, U.S. House of Representatives
- Blog Post
This morning I testified before the House Budget Committee on our long-term budget outlook that was released yesterday. In that testimony, I highlighted many of the points that were included in my blog post from yesterday. In this blog, I will discuss, in more detail, the main factors that account for the projected increases in outlays for Social Security, Medicare, and Medicaid: aging of the population and rising health care costs.