The CBO Long Term Outlook Is Here
Update: Our paper on CBO's Long Term Outlook has been released.
CBO has just released its 2011 Long Term Outlook, detailing spending, revenue, and debt levels over the next 75 years. The report shows a similar trend in both the Extended Baseline and Alternative Fiscal Scenarios: worsening in the short term, improvement in the long term compared to last year.
Below is a graph of debt under both baseline scenarios. However, since CBO only provides data for the Alternative Fiscal Scenario through 2036, the graph only goes up until that year.
CRFB will release a more detailed analysis very shortly, and will dive further into the findings in the report here on The Bottom Line through the rest of this week. So continue to check back.