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- Report
Federal debt is projected to rise significantly over the long term. What policy changes could reduce future deficits and thus lower the trajectory of federal debt? What criteria might be used to evaluate those policy changes?
- Report
Spending on the Social Security program will exceed its dedicated tax revenues, on average, by about 12 percent over the next decade, CBO projects. The gap will grow larger in the 2020s and will exceed 30 percent of revenues by 2030.
- Working Paper
This paper shows that considering an aging population is important in analyzing long-term policy changes that involve intergenerational transfers.
- Presentation
Presentation by Jeff Holland, Chief, Projections Unit, at the National Conference of State Legislatures
- Graphic
Since 2008, corporate income tax receipts have been smaller, relative to the size of the economy, than their historical average of 1.9 percent of GDP—largely because the recent recession substantially reduced taxable corporate profits.
- 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
- Blog Post
In 2013, half of the federal government’s spending went toward programs and activities other than major health care programs, Social Security, and net interest.
- Blog Post
Although spending for health care in the United States has grown more slowly in recent years than it had previously, high and rising levels of such spending continue to pose a challenge for Medicare, Medicaid, and other government programs.
- 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.