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- Report
Testimony before the Committee on the Budget, U.S. House of Representatives.
- Report
If current laws remained generally unchanged, federal debt held by the public would exceed 100 percent of GDP by 2039 and would be on an upward path relative to the size of the economy—a trend that could not be sustained indefinitely.
- Report
Under budgetary paths, but not particular policies, specified by Chairman Ryan, total deficits and debt would be smaller than under CBO’s extended baseline. Economic output would be lower in the next few years but higher thereafter.
- Report
CBO examines the change in its projections of potential output for the year 2017: The estimate for that year that CBO prepared in February 2014 is about 7 percent lower than what it projected in January 2007.
- Working Paper
This paper reviews CBO’s estimates of the effects of changes in federal deficits on national saving and private domestic investment.
- 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.