Wednesday, April 12, 2017
The 2017 Long Term Budget Outlook
The Congressional Budget Office has made available online "The 2017 Long Term Budget Outlook." The report paints a bleak picture noting "If current laws remained generally unchanged, the United States would face steadily increasing federal budget deficits and debt over the next 30 years—reaching the highest level of debt relative to GDP ever experienced in this country." The report includes links to data, supplemental information and related publications and is divided into the following sections:
Why Are Projected Deficits Rising?
What Might the Consequences Be If Current Laws Remained Unchanged?
How Does CBO Make Its Long-Term Budget Projections?
How Uncertain Are Those Projections?
How Large Would Changes in Spending or Revenues Need to Be to Reach Certain Goals for Federal Debt?
How Have CBO’s Projections Changed Over the Past Year?