Author : Joyce Manchester
Publisher : DIANE Publishing
ISBN 13 : 143798813X
Total Pages : 108 pages
Book Rating : 4.4/5 (379 download)
Book Synopsis CBO's 2011 Long-term Budget Outlook by : Joyce Manchester
Download or read book CBO's 2011 Long-term Budget Outlook written by Joyce Manchester and published by DIANE Publishing. This book was released on 2011 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents projections of federal spending and revenues over the coming decades. Under current law, an aging population and rapidly rising health care costs will sharply increase federal spending for health care programs and Social Security. If revenues remained at their historical average share of gross domestic product (GDP), such spending growth would cause federal debt to grow to unsustainable levels. If policymakers are to put the federal government on a sustainable budgetary path, they will need to increase revenues substantially as a percentage of GDP, decrease spending significantly from projected levels, or adopt some combination of those two approaches. Charts and tables. This is a print on demand report.