Display Date
File
File
(234.58 KB)
This paper reviews CBO forecasts of spending and revenues and assesses whether the estimates of the impact on future deficit are realistic and sustainable over time. The conclusion is that the CBO projections have not underestimated spending growth in any significant way. There are some ways in which spending may prove to be higher, but on the other hand, CBO may also have underestimated the effectiveness of many cost-containment provisions in the bill.