Tim Taylor has always struck me as wise. And not just because of this section from his most recent "Recommendations for Further Reading" in The Journal of Economic Perspectives: CBO and the Health Care System Our national debate over reform of the nations health care system would be vastly improved if all participants familiarized themselves with recent Congressional Budget Office reports on the subject. Here are some examples: The Long-Term Outlook for Health Care Spending describes factors that will drive health care costs over the next 75 years.
September 2008
CBO released the annual summer update to the Budget and Economic Outlook for Fiscal Years 2008 to 2018 today. (Today's report updates the Budget and Economic Outlook published in January 2008.)
CBO released its Monthly Budget Review today. CBO estimates that the federal budget deficit was $486 billion in the first 11 months of the fiscal year, $212 billion more than the shortfall recorded over the same period last year. CBO anticipates that the government will realize a surplus in September, stemming from quarterly payments of estimated income taxes. The result will be a deficit in the vicinity of $400 billion for the fiscal year.