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Author: Ralph Dawn
Publisher: DIANE Publishing
ISBN: 1437915884
Category :
Languages : en
Pages : 15
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Book Description
The gov¿t. publishes long-term fiscal simulations of what might happen to fed. deficits and debt levels under varying policy assumptions. There are two simulations: (1) "Baseline Extended" follows the Sept. baseline estimates for the first 10 years and then holds revenue and spending other than large entitlement programs constant as a share of GDP; and (2) The "Alternative" simulation is based on historical trends and recent policy preferences. Discretionary spending grows with GDP rather than inflation during the first 10 years, Medicare physician pay. rates are not reduced, and all expiring tax provisions are extended until 2019 and then revenue is brought back to about its historical level. This update incorp. March 2009 baseline projections. Illus.
Author: Ralph Dawn
Publisher: DIANE Publishing
ISBN: 1437915884
Category :
Languages : en
Pages : 15
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Book Description
The gov¿t. publishes long-term fiscal simulations of what might happen to fed. deficits and debt levels under varying policy assumptions. There are two simulations: (1) "Baseline Extended" follows the Sept. baseline estimates for the first 10 years and then holds revenue and spending other than large entitlement programs constant as a share of GDP; and (2) The "Alternative" simulation is based on historical trends and recent policy preferences. Discretionary spending grows with GDP rather than inflation during the first 10 years, Medicare physician pay. rates are not reduced, and all expiring tax provisions are extended until 2019 and then revenue is brought back to about its historical level. This update incorp. March 2009 baseline projections. Illus.
Author: Barry Leonard
Publisher: DIANE Publishing
ISBN: 9781422319178
Category : Business & Economics
Languages : en
Pages : 16
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Book Description
Since 1992, GAO has published long-term fiscal simulations of what might happen to fed. deficits & debt levels under varying policy assumptions. Current long-term simulations show ever-larger deficits resulting in a fed. debt burden that ultimately spirals out of control. There are two alternative fiscal paths. The first is ¿Baseline extended,¿ which extends the CBO¿s baseline estimates beyond the 10-year projection period, & the second is an alternative based on recent trends & policy preferences. For this update, GAO modified the alternative simulation to reflect a return to historical levels of revenue & a more realistic Medicare scenario for physician payments. Both simulations show that we are on an unsustainable fiscal path. Charts & tables.
Author: United States. Government Accountability Office
Publisher: DIANE Publishing
ISBN: 9781422398609
Category : Budget deficits
Languages : en
Pages : 10
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Book Description
Author:
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 40
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Book Description
Author: Gene L. Dodaro
Publisher: DIANE Publishing
ISBN: 1437906737
Category : Business & Economics
Languages : en
Pages : 21
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Book Description
This statement addresses 4 key points: (1) the fed. gov¿t. long-term fiscal outlook is a matter of utmost concern; (2) this challenge is driven primarily by health care cost growth; (3) reform of health care is essential but other areas also need attention which requires a multi-pronged solution; and (4) the fed. gov¿t. faces increasing pressures yet a shrinking window of opportunity for phasing in needed adjustments. The simulations of the fed. gov¿t. long-term fiscal outlook continue to indicate that the long-term outlook is unsustainable. This update combined with an analysis of the fiscal outlook of state and local gov¿ts. demonstrates that the fiscal challenges facing all levels of gov¿t. are linked and should be considered in an integrated manner. Ill.
Author: National Research Council
Publisher: National Academies Press
ISBN: 0309261961
Category : Social Science
Languages : en
Pages : 230
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Book Description
The United States is in the midst of a major demographic shift. In the coming decades, people aged 65 and over will make up an increasingly large percentage of the population: The ratio of people aged 65+ to people aged 20-64 will rise by 80%. This shift is happening for two reasons: people are living longer, and many couples are choosing to have fewer children and to have those children somewhat later in life. The resulting demographic shift will present the nation with economic challenges, both to absorb the costs and to leverage the benefits of an aging population. Aging and the Macroeconomy: Long-Term Implications of an Older Population presents the fundamental factors driving the aging of the U.S. population, as well as its societal implications and likely long-term macroeconomic effects in a global context. The report finds that, while population aging does not pose an insurmountable challenge to the nation, it is imperative that sensible policies are implemented soon to allow companies and households to respond. It offers four practical approaches for preparing resources to support the future consumption of households and for adapting to the new economic landscape.
Author: Susan J. Irving
Publisher: DIANE Publishing
ISBN: 1437905250
Category : Business & Economics
Languages : en
Pages : 14
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Book Description
Long-term fiscal simulations of what might happen to fed. deficits and debt levels under varying policy assumptions continue to illustrate that the long-term fiscal outlook is unsustainable. Despite some improvement in the long-term outlook for fed. health and retirement spending, the fed. gov¿t. still faces large and growing structural deficits driven primarily by rising health care costs and known demographic trends. Nearly 80 million Americans will become eligible for Social Security retirement benefits over the next two decades. Yet the real drive of the long-term fiscal outlook is health care spending. Medicare and Medicaid are both large and projected to continue growing rapidly in the future. Charts and tables.
Author: United States. Government Accountability Office
Publisher: DIANE Publishing
ISBN: 9781422311691
Category :
Languages : en
Pages : 46
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Book Description
Author: Organisation for Economic Co-operation and Development
Publisher:
ISBN:
Category : Commercial statistics
Languages : en
Pages : 668
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Book Description
Author: David M. Walker
Publisher: DIANE Publishing
ISBN: 1437900224
Category : Business & Economics
Languages : en
Pages : 21
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Book Description
For many years, we have been warned that our nation is on an imprudent & unsustainable fiscal path. During the past three years, the Comptroller General has traveled to 25 states as part of the Fiscal Wake-Up Tour. Members of this diverse group of policy experts agree that finding solutions to the nation¿s long-term fiscal challenge will require bipartisan cooperation, a willingness to discuss all options, & the courage to make tough choices. In this testimony, the Comptroller General discusses the long-term fiscal outlook, our nation¿s huge health care challenge, & the shrinking window of opportunity for action. Illustrations.
