CBO: Recent Budget Deal Will Add $1.7 Trillion to the National Debt over the Next 10 Years
The budget projections from the Congressional Budget Office (CBO) in August reaffirm the perilous path of deficits and debt expected over the next decade.
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The budget projections from the Congressional Budget Office (CBO) in August reaffirm the perilous path of deficits and debt expected over the next decade.
The report projects that in 2018 — for the first time since 1982 — the program’s total costs will exceed its total income.
The rapid growth in health care costs is the largest and fastest growing fiscal challenge.
As Congress returns from its August recess, lawmakers face a to-do list filled with important fiscal deadlines.
The end of the supercommittee doesn’t mean the end of the fiscal policy debate in Washington.
Federal debt will rise to 144 percent of GDP within 30 years — far exceeding its all-time high, and nearly doubling today's level.
https://www.pgpf.org/analysis/2019/06/cbo-warns-historic-debt-levels-pose-substantial-risks
Medicare’s financial problems affect the entire budget, and are largely responsible for projected increases in federal deficits.
https://www.pgpf.org/analysis/the-financial-condition-of-medicare
The report anticipates that in 2020 — for the first time since 1982 — the program’s total costs will exceed its total income.
Social Security’s finances are facing growing pressure due to the aging of the population.
https://www.pgpf.org/analysis/2017/07/trustees-warn-social-security-in-financial-trouble
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