Long-Term Budget Analysis
- Blog Post
What Are Some Key Policy Choices Posed by the Prospect of Rising Federal Debt?
The size of the policy changes that would be needed to reduce or constrain the growth of federal debt depends on the chosen goal for the amount of debt, and the timing of such changes involves various trade-offs.
- Blog Post
Growing Deficits Over the Long Term Would Cause Federal Debt to Exceed 100 Percent of GDP by 2039
How large would federal debt be in 25 years if current laws remained generally unchanged, and what would be the consequences of large and growing federal debt?
- Blog Post
What Are the Causes of Projected Growth in Spending for Social Security and Major Health Care Programs?
Three factors explain the projected substantial growth in a few of the government’s large programs: the aging of the population, rising health care spending per beneficiary, and the ACA’s expansion of federal subsidies for health insurance.
- Blog Post
CBO’s Long-Term Budget Projections Show a Substantial Imbalance in the Federal Budget
Over the next 25 years, revenues are projected to fall well short of spending if current laws stay generally the same. Why is that the case?
- Blog Post
CBO Testifies on the Long-Term Budget Outlook
Director Doug Elmendorf testified on CBO's latest report on the long-term budget outlook. Also today, CBO issued "The 2014 Long-Term Budget Outlook in 26 Slides," which highlights the key points of the analysis.
- Blog Post
Presentation at the Stanford Institute for Economic Policy Research
Director Doug Elmendorf explained in his presentation that, under current law, the future of the federal budget will be strikingly different from its past in two keys ways.
- Blog Post
Presentation to the Economic Club of Minnesota
During his presentation, Director Doug Elmendorf emphasized that federal debt remains on an unsustainable path, and the composition of federal spending is changing dramatically from what it has been in the past.
- Blog Post
Federal Spending for Everything Other Than Major Health Care Programs, Social Security, and Net Interest
In 2013, half of the federal government’s spending went toward programs and activities other than major health care programs, Social Security, and net interest.
- Blog Post
Federal Spending on the Government’s Major Health Care Programs Is Projected to Rise Substantially Relative to GDP
Although spending for health care in the United States has grown more slowly in recent years than it had previously, high and rising levels of such spending continue to pose a challenge for Medicare, Medicaid, and other government programs.
- Blog Post
Some Information on Upcoming CBO Reports
In a letter today to the Chairs and Ranking Members of the House and Senate Budget Committees, we described the schedule for the rest of the year for CBO’s key economic and budget publications.