Long-Term Budget Analysis
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Social Security Policy Options, 2015
CBO analyzes 36 policy options commonly proposed by policymakers and analysts. Most of them would improve Social Security’s long-term finances, but only a few would significantly postpone the combined trust funds’ exhaustion date.
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Answers to Questions for the Record Following a Hearing on The 2015 Long-Term Budget Outlook Conducted by the Senate Committee on the Budget
The Senate Budget Committee convened a hearing in June at which Director Keith Hall testified about the long-term budget outlook. Committee members submitted further questions for the record, and this document provides CBO’s answers.
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Testimony on Understanding the Long-Term Budget Outlook
CBO Director Keith Hall testifies on the long-term budget outlook before the Committee on Homeland Security and Governmental Affairs, United States Senate.
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Testimony on the 2015 Long-Term Budget Outlook
CBO Director Keith Hall testifies about CBO’s 2015 Long-Term Budget Outlook before the Committee on the Budget, United States Senate.
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Communicating the Nation’s Fiscal Status
Letter to the Honorable Ron Johnson regarding CBO’s analyses of the long-term budget outlook and the agency’s work on policy options that would address long-term fiscal imbalances.
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The 2015 Long-Term Budget Outlook
If current laws remained generally unchanged, federal debt held by the public would exceed 100 percent of GDP by 2040 and continue on an upward path relative to the size of the economy—a trend that could not be sustained indefinitely.
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Budgetary and Economic Outcomes Under Paths for Federal Revenues and Noninterest Spending Specified by Chairman Enzi and by Chairman Price
CBO has analyzed the effects on the economy stemming from paths for federal revenues and noninterest spending specified by the chairmen of the budget committees and how those macroeconomic effects in turn would affect the federal budget.
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Budgetary and Economic Outcomes Under Paths for Federal Revenues and Noninterest Spending Specified by Chairman Price, March 2015
Under budgetary paths, but not particular policies, specified by Chairman Price, total deficits and debt would be smaller than under CBO’s extended baseline. Economic output would be lower in the next few years but higher thereafter.
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CBO’s 2014 Long-Term Projections for Social Security: Additional Information
This report presents additional information about the long-term projections CBO made in July 2014 for Social Security’s revenues, outlays, and the distribution of benefits and taxes.
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Testimony on The 2014 Long-Term Budget Outlook
Testimony before the Committee on the Budget, U.S. House of Representatives.