Reducing the Deficit: Spending and Revenue Options: Spending and Revenue Options Contributor(s): Congressional Budget Office (Editor) |
|||
ISBN: 0160881560 ISBN-13: 9780160881565 Publisher: Congressional Budget Office
Binding Type: Paperback Published: March 2011 |
Additional Information |
BISAC Categories: - Business & Economics | Accounting - Governmental |
Physical Information: 260 pages |
Descriptions, Reviews, Etc. |
Publisher Description:
Federal budget deficits will total $7 trillion over the next decade if current laws remain unchanged, the Congressional Budget Office (CBO) projects. If certain policies that are scheduled to expire under current law are extended instead, deficits may be much larger. Beyond the coming decade, the aging of the U.S. population and rising health care costs will put increasing pressure on the budget. If federal debt continues to expand faster than the economy as it has since 2007 the growth of people's income will slow, the share of federal spending devoted to paying interest on the debt will rise, and the risk of a fiscal crisis will increase. The Budget and Economic Outlook: 2016 to 2026 can be found here: https: //bookstore.gpo.gov/products/sku/052-070-07697-6 Economic Indicators print periodical subscription can be found here: https: //bookstore.gpo.gov/catalog/budget-economy/us-economy-economic-conditions/economic-indicators-periodical
|
Customer ReviewsSubmit your own review |
To tell a friend about this book, you must Sign In First! |