Can Budget Offices Help Us Address Demographic Pressure?

Brief

Can Budget Offices Help Us Address Demographic Pressure?

September 20, 2010

Abstract

As pressures mount on the nation's long-term budget, the Congressional Budget Office now views the aging of the population as the main stressor and health care costs as a close second. Yet, CBO and the Office of Management and Budget (OMB) have traditionally offered only limited analysis and estimates on addressing these demographic concerns, often leaving them to the Social Security Administration, which focuses only on the Social Security piece of the budget puzzle

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