new from Center on Budget and Policy Priorities

THE LONG-TERM FISCAL OUTLOOK IS BLEAK
Restoring Fiscal Sustainability Will Require Major Changes to
Programs, Revenues, and the Nation’s Health Care System

This report updates the Center on Budget and Policy Priorities’ projections of federal spending, revenues, deficits, and debt through 2050. These projections — like the projections the Center issued in January 2007 and the projections by other institutions such as the Congressional Budget Office (CBO), Government Accountability Office, and Office of Management and Budget — show that without changes in current policies, federal deficits and debt in coming decades will grow to unprecedented levels that will threaten serious harm to the economy.