CBO's Analysis of the President's Budget is Here
CBO has just released its analysis of the President's FY 2016 budget, using its own numbers and methods to re-estimate the budget. While CBO reveals lower debt as a percent of GDP than OMB did when it estimated the budget, it also shows debt on an upward path after 2020. Thus, CBO's estimate demonstrates that the budget would have to go further to put debt on a truly sustainable path.
We will have a paper on the analysis later today and a deeper dive into different aspects of the re-estimate in the coming days. Stay tuned!