Analysis: FY 2017 Budgets Comparison
How do the House Budget and the President’s Budget differ?
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How do the House Budget and the President’s Budget differ?
Under current spending and tax policies, federal debt would be on a path that climbs to about 200 percent of gross domestic product within 25 years, according to CBO.
The 2014 mid-term elections may be over, but America's long-term fiscal and economic challenges remain.
https://www.pgpf.org/analysis/lame-duck-deadlines-and-long-term-priorities
Federal debt would rise to 78 percent of GDP in 2014 — higher than it has been at any point in our history since 1950.
https://www.pgpf.org/analysis/analysis-of-the-president%E2%80%99s-fiscal-year-2014-budget
Chairman Paul Ryan's budget aims to shrink the size of government to about 20 percent of gross domestic product (GDP) in 2015 and to 15 percent of GDP in 2050.
The President released his annual budget today, outlining the Administration's policy proposals, budgetary projections, and economic forecasts for 2015 through 2024.
https://www.pgpf.org/analysis/analysis-of-the-presidents-fiscal-year-2015-budget
All three budget plans achieve deficit reduction within the 10-year window relative to current law, though they make different choices on revenues and spending levels for particular programs and achieve different results.
Relative to the GAO’s last update of their long-term simulation, the nation’s fiscal condition has deteriorated.
The CBO provides two projections of the nation's fiscal future over the next 75 years: one based upon laws currently on the books; and one that reflects selected changes to those laws that lawmakers are widely expected to make.
https://www.pgpf.org/analysis/cbo-releases-the-2010-long-term-budget-outlook
This outlook is particularly worrisome because the baby boom generation is beginning to retire and will place growing demands on Social Security, Medicare, and Medicaid in the 2020s.