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- Presentation
CBO Director Doug Elmendorf's presentation to The Group of Thirty
- Working Paper
This paper describes the infinite-horizon general equilibrium model that, among other models, CBO uses for its analysis of the President's budgetary proposals.
- Report
The federal government supports infrastructure investment in a variety of ways. It spends money directly, makes grants to state and local governments for their capital spending and, through the tax system, subsidizes the borrowing of both of those levels of government as well as certain private entities to finance infrastructure projects.
- Report
- Report
CBO's Long-Term Projections for Social Security: 2009 Update
- Blog Post
Today, CBO released anupdate of its long-term Social Security projections.The projections are qualitatively similar to those in previous CBO reports: Social Securitys annual revenues currently exceed its annual outlays, but as the baby-boom generation continues to age, growth in the number of Social Security beneficiaries will pick up, and absent legislative changes, outlays will increase much faster than revenues.
- Report
Letter to the Honorable Judd Gregg
- Blog Post
Today CBO released a letter that contains an estimate of the change in federal costs, adjusted for the cost of market risk, that might result from enactment of the Presidents proposal to prohibit new federal guarantees of student loans and to replace those guarantees with direct loans made by the Department of Education.
- Report
Testimony before the Committee on the Budget, United States Senate
- Blog Post
Today I hadthe opportunity to testify before the Senate Budget Committeeabout CBOs most recent analysis of the long-term budget outlook.