President's Budget Again Relies on Optimistic Economic Projections and Unlikely Spending Cuts
Similar to previous years, this budget largely relies on very optimistic projections of economic growth and unlikely budget cuts to reduce the deficit.
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Similar to previous years, this budget largely relies on very optimistic projections of economic growth and unlikely budget cuts to reduce the deficit.
The latest report from the nonpartisan Congressional Budget Office (CBO) reiterates that the federal budget is on an unsustainable trajectory.
Medicare faces significant financial challenges in future years because of rising healthcare spending and an aging population.
https://www.pgpf.org/analysis/2018/07/trustees-funding-challenges-threaten-medicares-future
CBO estimates that the number of uninsured under age 65 rose by 1 million people and anticipates the total to rise by another million people this year.
The Congressional Budget Office's latest Budget and Economic Outlook provides sobering new evidence that our nation's fiscal policies are on an unsustainable and uncertain path.
https://www.pgpf.org/analysis/analysis-of-cbo%E2%80%99s-budget-outlook-fiscal-years-2012-2022
An aging population and rising healthcare costs will drive sharp increases in Medicare spending, which will not keep pace with the program's funding sources.
https://www.pgpf.org/analysis/2017/07/medicare-trustees-warn-of-serious-financial-shortfalls
The end of the supercommittee doesn’t mean the end of the fiscal policy debate in Washington.
The federal budget is on an unsustainable and damaging fiscal trajectory, according to a new report from the nonpartisan Congressional Budget Office.
https://www.pgpf.org/analysis/2019/02/cbo-report-highlights-unsustainable-fiscal-outlook
The trustees are calling on policymakers to act with urgency to shore up this essential program.
https://www.pgpf.org/analysis/2016/06/medicare-trustees-warn-of-serious-financial-shortfalls
CBO projects that, on our current path, deficits will reach $1 trillion by 2023 and total $9.4 trillion over the next ten years.
https://www.pgpf.org/analysis/2017/01/CBO-warns-deficits-will-reach-1-trillion-in-2023