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- 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
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.
- 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.
- Report
By the end of 2011, CBO projects, federal debt will reach roughly 70 percent of gross domestic product—the highest percentage since shortly after World War II.
- Blog Post
Recently, the federal government has been recording budget deficits that are the largest as a share of the economy since 1945. Consequently, the amount of federal debt held by the public has surged. By the end of this year, CBO projects, federal debt will reach roughly 70 percent of gross domestic product (GDP)the highest percentage since shortly after World War II. As the economy continues to recover and the policies adopted to counteract the recession phase out, budget deficits will probably decline markedly in the next few years.
- Blog Post
In response to a request from House Budget Committee Chairman Paul Ryan, CBO has conducted a long-term analysis of a proposal to substantially change federal payments under the Medicare and Medicaid programs, eliminate the subsidies to be provided through new insurance exchanges under last years major health care legislation, leave Social Security as it would be under current law, and set paths for all other federal spending (excluding interest) and federal tax revenues at specified growth rates or percentages of gross domestic product (GDP).
- Report
CBO has conducted a long-term analysis of a budget proposal by Chairman Ryan.