CRFB Releases Analysis of CBO's Long Term Outlook

CRFB just released its analysis of the long term outlook. The analysis noted that while the debt picture has improved somewhat under CBO's extended baseline scenario, there is still much work to be done to prevent debt from reaching unsustainable levels. CRFB has already commented on the outlook in the blog (see posts on the debt outlook and spending and revenue levels), and we will have more analyses throughout the next week, especially on the scoring of health care.