Government Accountability Office Fall 2012 Budget Outlook
By: PGPF staff
December 07, 2012
Under GAO's current policy scenario, growth in spending for the major health care programs is the source of all of the growth in long-term noninterest spending
SOURCE: United States Government Accountability Office, "The Federal Government's Long-Term Fiscal Outlook: Fall 2012 Update," December 2012. Available at http://www.gao.gov/special.pubs/longterm/fed/recent.html. Compiled by PGPF.
GAO's projections show a long-term structural deficit. This is due to an imbalance between revenue and spending.
GAO's projections show that the growth of debt is unsustainable under both current law and current policy simulations
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