The Budget and Economic Outlook, Fiscal Years 2012 to 2022 Annual Usually Edition Contributor(s): Bogusz, Christine (Editor), Congressional Budget Office (Producer) |
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ISBN: 0160902258 ISBN-13: 9780160902253 Publisher: Congressional Budget Office
Binding Type: Paperback - See All Available Formats & Editions Published: March 2012 |
Additional Information |
BISAC Categories: - Political Science | American Government - Executive Branch |
Age Level: 18-NA |
Grade Level: 13-NA |
Physical Information: 0.4" H x 8.5" W x 10.9" L (1.20 lbs) 157 pages |
Descriptions, Reviews, Etc. |
Publisher Description: Reports on the state of the Federal budget and the United States economy. Each January, the Congressional Budget (CBO) prepares "baseline" Federal budget projections and the outlook for the United States economy spanning the next 10 years. Those projections are not a forecast of future events; rather, they are intended to provide a benchmark against which potential policy changes can be measured. Therefore, as specified in law, those projections generally incorporate the assumption that current laws are implemented. But substantial changes to tax and spending policies are slated to take effect in calendar year 2013 under current law. So CBO has also prepared projections under an "alternative fiscal scenario," in which some current or recent policies are assumed to continue in effect, even though, by law, they are scheduled to change. The decisions made by lawmakers as they confront those policy choices will have a significant impact on budget outcomes in the coming years. |
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