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Déjà Vu All Over Again: On the Dismal Prospects for the Federal Budget

Auerbach, Alan J. and Gale, William G.

Abstract:

This paper provides new estimates of the federal budget outlook over 10-year and long-term horizons under three sets of assumptions: the Congressional Budget Office baseline, which assumes no changes in current law; an extended policy scenario, in which it is assumed that future Congresses act more or less like previous Congresses in extending expiring provisions; and the Administration budget.

Citation

Auerbach, Alan J. and Gale, William G. (2010), Déjà Vu All Over Again: On the Dismal Prospects for the Federal Budget, National Tax Journal, 63:3, pp. 543-60

DOI: dx.doi.org/10.17310/ntj.2010.3.06