CBO’s Budget Outlook Shows Pandemic’s Acceleration of U.S. Fiscal Challenges
The latest budget outlook released by CBO is the first to fully capture the budgetary impact of the pandemic.
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The latest budget outlook released by CBO is the first to fully capture the budgetary impact of the pandemic.
There is one cap for national defense and another cap for non-defense programs.
The homeownership rate for young adult households has increased, but remains below it’s peak.
https://www.pgpf.org/chart-archive/0227_young_adult_home_own
Health expenditures of state and local governments are projected to crowd out non-health spending.
“CBO has once again provided clear evidence that we must do something about America’s dangerous fiscal situation," Michael A. Peterson, CEO of the Peter G. Peterson Foundation, said.
https://www.pgpf.org/press-release/2019/01/peterson-foundation-cbo-confirms-dangerous-fiscal-path
Healthcare costs in the U.S. have increased drastically over the past several decades.
Total U.S. health spending (public and private) is projected to rise to nearly one-fifth of the economy by 2025.
https://www.pgpf.org/chart-archive/0056_health-care-costs-proj
The portion of health spending paid by the government is growing.
https://www.pgpf.org/chart-archive/0090-composition-health-spending
Prescription drug costs have increased significantly over the past several decades.
https://www.pgpf.org/chart-archive/0319-prescription-drug-costs