For some time, the Center has called attention to the serious long-term budget problems the nation faces and explored potential solutions. Listed below are selected analyses from the past few years.
Sixteen leading economists and budget experts issued a major critique on July 9, 2008 of a proposal to address future federal budget deficits through radical changes in budget procedures for Social Security, Medicare, and Medicaid. They believe there are better ways to begin tackling projected deficits, which they describe in their critique.
In January 2007 the Center issued new long-term projections showing that deficits and debt will grow to dangerous levels if policy changes are not made. Our analysis demonstrates the effects that projected demographic changes and increases in health care costs will have on projected expenditures for Medicare, Medicaid, and Social Security. It also shows the importance of upcoming tax-policy decisions, particularly whether to make the 2001 and 2003 tax cuts permanent without offsetting their costs. In addition, the analysis shows that entitlement programs other than the “big three” are not contributors to the long-run fiscal problem.
* These chronological listings are more comprehensive than the sub-topic listings below
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