LTBO – Healthcare Economist

CBO’s updated long-term budget projections are grim

2018-08-08Jason ShafrinLeave a comment

In June of this year, CBO laid out the projected fiscal health of the federal budget over the coming decades in their 2018 Long Term Budget Outlook report. This report project’s “extended baseline” scenarios that assume that all laws on the books will be implemented as written. For instance, if there is a spending bill…

What is causing U.S. debt to explode?

2017-04-05Jason ShafrinLeave a comment

According to the Congressional Budget Office’s (CBO’s) 2017 Long-Term Budget Outlook, you need to look no further than entitlements for the elderly. Mandatory programs have accounted for a rising share of the federal government’s noninterest spending over the past few decades, exceeding 60 percent for the past several years. Much of the growth has occurred because…