Long-Term Budget Analysis
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Breakfast with Reporters
I was pleased to speak early yesterday with a group of reporters who gather regularly at the invitation of the Christian Science Monitor. (Audio of the event is below.)
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CBO Testified on the Long-Term Budget Outlook
I testified this morning to the House Budget Committee about the Long-Term Budget Outlook that CBO released yesterday.
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CBO Releases the 2012 Long-Term Budget Outlook
This morning CBO released the latest in its series of reports on the long-term budget outlook. CBO also published an infographic that highlights the key points of the report.
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CBO to Release 2012 Long-Term Budget Outlook Next Week
CBO plans to release its 2012 Long-Term Budget Outlook on Tuesday, June 5. The report will be available on CBO's website at 10 a.m. EDT. The 2011 report is available here.
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Alternative Approaches for Reducing Budget Deficits
The explosive path of federal debt that CBO projects under what many observers would view as current policies underscores the need for policy changes to put the nation on a sustainable course.
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CBO Releases a Report on the Long-Term Budgetary Impact of Paths for Federal Revenues and Spending Specified by Chairman Ryan
At the request of the Chairman of the House Budget Committee, Congressman Paul Ryan, CBO has calculated the long-term budgetary impact of paths for federal revenues and spending specified by the Chairman and his staff.
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Presentation at the Macroeconomic Advisers’ Washington Policy Conference
Yesterday I spoke at the Macroeconomic Advisers’ Washington Policy Conference. My presentation focused on the significant and fundamental budgetary challenges facing our nation.
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Testimony Before the Joint Select Committee on Deficit Reduction
This morning I testified before the Joint Select Committee on Deficit Reduction—the body created under the Budget Control Act to propose further deficit reductions totaling at least $1.5 trillion over 10 yea
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CBO's Long-Term Social Security Projections
CBO projects that in fiscal year 2011, outlays for Social Security will total $733 billion, one-fifth of the federal budget. About 56 million people will receive Social Security benefits this year.
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The Macroeconomic and Budgetary Effects of an Illustrative Policy for Reducing the Federal Budget Deficit
Adopting a deficit reduction plan would have three kinds of effects on the budget. One would be the direct effect of the plan’s changes to spending and revenues. A second effect would be a reduction in interest payments by the government, as smaller deficits would result in lower federal debt.