The Long-Term Budget Outlook

http://www.cbo.gov/ftpdocs/102xx/doc10297/06-25-LTBO.pdf

Examines the pressures facing the federal budget over the coming decades by presenting projections of federal spending and revenues through 2080. Unless increases in revenues keep pace with escalating spending, or spending growth is sharply reducd, soaring federal debt from rising health care costs and an aging population will weigh heavily on economic output and incomes. Includes sections on the long-term outlook for Medicare, Medicaid and Social Security spending. From the Congressional Budget Office.

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