ABSTRACT

CBO Study: Long-Term Budget Outlook: December 2005   [open pdf - 983KB]

"As health care costs continue to grow faster than the economy and the baby-boom generation nears eligibility for Social Security and Medicare, the United States faces inevitable decisions about the fundamentals of its spending policies and its means of financing those policies. This Congressional Budget Office report looks at a range of possible paths for federal spending and revenues through 2050 and combines them into various hypothetical scenarios." This report addresses economic and fiscal implications of federal budgetary choices, the long-term outlook for social security, the long-term outlook for medicare and Medicaid, the long-term outlook for other federal spending, and the long-term outlook for revenues.

Publisher:
Date:
2005-12
Series:
Copyright:
Public Domain
Retrieved From:
Congressional Budget Office: http://cbo.gov
Format:
pdf
Media Type:
application/pdf
URL:
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