The CBO recently projected a ten-year deficit of $7.1 trillion using a "current law" baseline. But these numbers may prove to be optimistic. CRFB argues that four major assumptions in the baseline are unlikely to materialize, leading to a ten-year deficit of $12.6 trillion. This paper discusses US Budget Watch's own "current policy" baseline, which assumes particular policies do not conform to current law.
The CBO recently projected a ten-year deficit of $7.1 trillion using a "current law" baseline. But these numbers may prove to be optimistic. CRFB argues that four major assumptions in the baseline are unlikely to materialize, leading to a ten-year deficit of $12.6 trillion. This paper discusses US Budget Watch's own "current policy" baseline, which assumes particular policies do not conform to current law.
Links:
[1] http://usbudgetwatch.org/sites/default/files/The_Cost_of_Current_Policy.pdf
[2] http://usbudgetwatch.org/sites/default/files/Fig_2_-_medium_term_deficit_-_big_no_label.jpg
[3] http://usbudgetwatch.org/category/issue-area/budget
[4] http://usbudgetwatch.org/category/issue-area/process-and-rules
[5] http://usbudgetwatch.org/category/issue-area/tax
[6] http://usbudgetwatch.org/category/project/fiscal-roadmap
[7] http://usbudgetwatch.org/category/document-type/policy-paper