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- Report
This issue brief analyzes the economic effects of waiting 10 years--from 2015 to 2025--to implement policies that would stabilize the ratio of debt to output.
- Blog Post
Under current policies, the aging of the U.S. population and increases in health care costs will almost certainly push up federal spending significantly in coming decades relative to the size of the economy. Without changes in policy, spending on the government’s major mandatory health care programs as well as on Social Security will increase from the present level of roughly 10 percent of the nation’s output, or gross domestic product (GDP), to about 16 percent over the next 25 years.
- Report
Letter to the Honorable Paul Ryan
- Report
CBO's 2010 Long-Term Projections for Social Security: Additional Information
- Blog Post
Social Security is the federal government’s largest single program; outlays in fiscal year 2010 totaled $706 billion, roughly one-fifth of the federal budget. About 54 million people currently receive Social Security benefits. Most are retired workers, their spouses, their children or their survivors, who receive payments through Old-Age and Survivors Insurance (OASI). The remainder are disabled workers or their spouses and children, who receive Disability Insurance (DI) benefits.
- Report
This testimony reviews CBO's recent analyses of the economic outlook and the potential impact on the economy of various fiscal policy options.
- Blog Post
I testified this morning to the Senate Budget Committee about the economic outlook and CBO’s analysis of the potential impact on the economy of various fiscal policy options. You can read a summary of my testimony (the full version, which is rather long, is also available), or you can glance at the slides I used, which are below.
- Report
CBO estimated the budgetary impact of the activities of Fannie Mae and Freddie Mac using the methodology specified in the Federal Credit Reform Act of 1990.
- Blog Post
In September 2008, the federal government took control of Fannie Mae and Freddie Mac—two government sponsored enterprises (GSEs) that provide credit guarantees on more than half of the outstanding residential mortgages in the United States. Although they are not legally federal agencies, the government operates them to fulfill the public purpose of supporting the housing and mortgage markets. Therefore, CBO believes that it is appropriate to include the GSEs’ financial transactions in the federal budget.
- Report
Economic and Budget Issue Brief