Budgets & Projections
Latest
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Actually, Paul, the Debt is Still a Problem
Read moreIn a recent New York Times column, economist Paul Krugman argued that the focus on the national debt represented “an imaginary budget and debt crisis...
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Economic Effects of the President's Budget: It's All About Immigration Reform
Read moreIn its release this week of the economic effects of the President's budget, CBO found it would increase the size of the economy, mainly due to...
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How to Deal With Budget Projection Uncertainty
Read moreIn our series on the long-term budget outlook, we covered how debt projections would change if some of CBO's economic and technical assumptions turned...
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Pension Smoothing Does Not Reduce the Deficit
Read moreIn the coming days, the Senate will vote on the House-passed measure to replenish the Highway Trust Fund. The bill is a last-ditch effort to prevent...
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Trust Fund Insolvency Dates Are Approaching Fast
Read moreAlthough most of our analysis of CBO's Long-Term Budget Outlook has focused on debt projections, CBO also makes projections about the solvency of...
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What If...
Read moreAny budget projection is inherently uncertain, and that uncertainty is magnified when the projection period is extended to 25 or 75 years, as the...
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CBO: Consequences of a Growing National Debt
Read moreIn addition to showing the path of future debt, CBO's Long-Term Budget Outlook described the consequences of a large and growing federal debt. The...
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CRFB's Maya MacGuineas on the Long-Term Budget Outlook
Read moreThis week, CRFB President Maya MacGuineas appeared on Bloomberg Television to discuss the CBO's Long-Term Budget Outlook and how imperative it is for...
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Dissecting the Good Health Care Spending News in CBO's Long-Term Outlook
Read moreThe Congressional Budget Office’s (CBO) new Long-Term Budget Outlook presents plenty of good news on Medicare costs yet still highlights the role that...
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High Debt Drags Down The Economy
Read moreNew calculations in the Congressional Budget Office's Long-Term Budget Outlook show that the high debt projected under current law could diminish...
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Quantifying the Cost of Waiting to Address Debt
Read moreThe Congressional Budget Office's (CBO) Long-Term Budget Outlook shows a clearly unsustainable debt path over the long term, one that policymakers...
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CBO: Social Security Trust Fund To Be Exhausted 1 Year Earlier, in 2030
Read moreOne of the biggest stories of last year's long-term outlook was the deterioration in Social Security's financial picture. Largely due to CBO's...