U.S. Budget and Economy

As stated here , the OMB (Office of Management and Budget) released the final volumes of the President's FY 2010 Budget on May 11th, 2009. These included the Analytical Perspectives which contains a section on the long-run budget outlook. On June 25th, the CBO (Congressional Budget Office) released the Long-Term Budget Outlook . The following graph shows the outlook for the federal debt held by the public as projected by both documents. The actual numbers and sources for this and the following graph are at http://www.econdataus.com/pro2010.html . As can be seen, the CBO document provides two projections, one for the "extended baseline scenario" and one for the "alternative fiscal scenario". The former appears to be very close to 2010 Budget projections. Regarding these projections, the 2010 Budget states the following on page 190 of the Analytical Perspectives: The long-run budget projections in this section extend the particular policies proposed in the ...