Download or read book Long Term Fiscal Outlook Action Is Needed to Avoid the Possibility of a Serious Economic Disruption in the Future written by David M. Walker and published by DIANE Publishing. This book was released on 2008-05 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Nation s Long term Fiscal Outlook written by United States. Government Accountability Office and published by . This book was released on 2009 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Nation s Long Term Fiscal Outlook April 2008 Update written by Susan J. Irving and published by DIANE Publishing. This book was released on 2008-11 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Nation s Long Term Fiscal Outlook written by Barry Leonard and published by DIANE Publishing. This book was released on 2007 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Nation s Long term Fiscal Outlook written by United States. Government Accountability Office and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Nation s Long Term Fiscal Outlook written by Ralph Dawn and published by DIANE Publishing. This book was released on 2009-09 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Nation s Long term Fiscal Outlook written by United States. Government Accountability Office and published by . This book was released on 2006 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Nation s Long term Fiscal Outlook written by United States. Government Accountability Office and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Long Term Fiscal Outlook written by Gene L. Dodaro and published by DIANE Publishing. This book was released on 2008-12 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Nation s Long term Fiscal Outlook written by United States. Government Accountability Office and published by . This book was released on 2007 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Nation s Long Term Fiscal Outlook written by United States Accounting Office (GAO) and published by Createspace Independent Publishing Platform. This book was released on 2018-05-19 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Nation's Long-Term Fiscal Outlook: September 2008 Update
Download or read book The Nation s Long term Fiscal Outlook written by United States. Government Accountability Office and published by . This book was released on 2009 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Long Term Fiscal Challenge Looms as the Baby Boom Generation Begins to Retire written by Susan J. Irving and published by DIANE Publishing. This book was released on 2008-08 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: There have been long-term fiscal simulations of what might happen to fed. deficits and debt levels under varying policy assumptions. These simulations were updated with Jan. 2008 budget and economic projections and continue to indicate that the long-term fed. fiscal outlook remains unstable. The fiscal challenges facing all levels of gov¿t. are linked and should be considered in a strategic and integrated manner. The fed. gov¿t. 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 in the next 20 yrs. Medicare and Medicaid are both large and projected to continue growing rapidly in the future.
Download or read book The Nation s Long Term Fiscal Outlook written by United States Accounting Office (GAO) and published by Createspace Independent Publishing Platform. This book was released on 2018-05-21 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Nation's Long-Term Fiscal Outlook: January 2008 Update
Download or read book The Nation s Long term Fiscal Outlook written by and published by . This book was released on 2008 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: Our updated simulations continue to illustrate that the long-term fiscal outlook is unsustainable. (See fig. 1) Despite some improvement in the long-term outlook for federal health and retirement spending, the federal government still faces large and growing structural deficits driven primarily by rising health care costs and known demographic trends. In fact, the oldest members of the baby boom generation are now eligible for Social Security retirement benefits and will be eligible for Medicare benefits in less than 3 years. According to the Social Security Administration nearly 80 million Americans will become eligible for Social Security retirement benefits over the next two decades an average of more than 10,000 per day. Although Social Security is important because of its size, the real driver 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.
Download or read book The Long term Fiscal Outlook is Bleak written by Richard Kogan and published by . This book was released on 2008 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Nation s Long Term Fiscal Outlook April 2007 Update written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2018-05-17 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Nation's Long-Term Fiscal Outlook April 2007 Update: The Bottom Line: Federal Fiscal Policy Remains Unsustainable