Title: Fiscal and Generational Imbalances and Generational Accounts: A 2012 Update
Abstract: The consistent refusal by Obama Administration officials to release details of the Office of Management and Budget's long range budget projections compelled the use of the only other reliable source of budget information: The Congressional Budget Office's 10-year budget projections from March 2012. In making its calculations, this paper extends those projections beyond 10 years using CBO's long range economic assumptions. This study also updates micro-data relative profiles used to distributed federal taxes, transfers, and other federal expenditures by age and gender. Provision by the Social Security Administration's Felicitie Bell of US population projections and underlying demographic assumptions used in the Social Security trustees' 2012 annual report and responses by CBO officials to the author's clarifying questions on CBO's federal budget accounting conventions are gratefully acknowledged.
Publication Year: 2012
Publication Date: 2012-01-01
Language: en
Type: article
Indexed In: ['crossref']
Access and Citation
Cited By Count: 2
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