The budget and economic outlook : fiscal years 2008 to 2018 / [the Congress of the United States,] Congressional Budget Office.

Format:

Book

Government document

Author/Creator:

United States. Congressional Budget Office.

Contributor:

United States. Congressional Budget Office.

Language:

English

Subjects (All):

Budget--United States.

Budget.

Expenditures, Public--Forecasting.

Expenditures, Public.

Fiscal policy--United States.

Fiscal policy.

United States--Appropriations and expenditures.

United States.

United States--Economic policy.

Physical Description:

1 online resource (211 p.)

Edition:

1st ed.

Place of Publication:

New York : Nova Science Publishers, Inc., c2009.

Language Note:

English

Summary:

The pace of economic growth slowed in 2007, and there are strong indications that it will slacken further in 2008. In CBO's view, the problems in the housing and financial markets and the high price of oil will curb spending by households and businesses and trim the growth of GDP.

Contents:

""Contents ""; ""Summary ""; ""The Budget Outlook ""; ""Baseline Projections for the 2009-2018 Period ""; ""Changes in the Baseline Budget Outlook Since August ""; ""The Economic Outlook ""; ""Chapter 1: The Budget Outlook ""; ""A Review of 2007 ""; ""The Concept Behind CBO�s Baseline Projections ""; ""CBO�s Baseline Projections for 2008 to 2018 ""; ""Outlays ""; ""Revenues ""; ""Debt Held by the Public ""; ""Changes in CBO�s Baseline Since August 2007 ""; ""Uncertainty and Budget Projections ""; ""Uncertainty of Future Legislative Actions ""; ""Other Sources of Uncertainty ""

""Federal Debt Held by the Public """"The Long-Term Budget Outlook ""; ""Chapter 2: The Economic Outlook ""; ""The Threat to the Economy From the Turmoil in the Financial Markets ""; ""Problems in Subprime Mortgage Markets ""; ""Spillovers Into Other Financial Markets ""; ""Federal Reserve Actions and Interest Rates ""; ""How the U.S. Subprime-Related Turmoil Has Affected Other Countries ""; ""The Prospect of Slow Economic Growth in the Near Term ""; ""Continued Weakness in the Housing Sector ""; ""A Slowdown in Consumer Spending ""; ""Strengthening of Net Exports ""

""Steady Growth Projected in Government Purchases """"The Persistent Risk of Higher Inflation ""; ""Indicators of Moderate Inflation: Measures of Resource Constraints and Rents ""; ""Risks of Higher Inflation: Commodity Prices and the Falling Dollar ""; ""The Outlook Through 2018 ""; ""Potential Output ""; ""Inflation, Unemployment, and Interest Rates ""; ""Projections of Income ""; ""Data Problems ""; ""Income Shares ""; ""Changes in the Outlook Since August 2007 ""; ""How CBO�s Forecast Compares With Others ""; ""Chapter 3: The Spending Outlook ""; ""Mandatory Spending ""

""Medicare and Medicaid """"Social Security ""; ""Other Income-Security Programs ""; ""Other Federal Retirement and Disability Programs ""; ""Other Mandatory Spending ""; ""What Causes Growth in Mandatory Spending? ""; ""Offsetting Receipts ""; ""Legislation Assumed in the Baseline ""; ""Discretionary Spending ""; ""Recent Trends in Discretionary Funding and Outlays ""; ""Discretionary Spending from 2009 Through 2018 ""; ""Net Interest ""; ""Interest on Debt Held by the Public ""; ""Interest on Intragovernmental Holdings ""; ""Other Interest and Investment Income ""

""Chapter 4: The Revenue Outlook """"Sources of Revenues ""; ""Historical Perspective ""; ""Projections in Brief ""; ""CBO�s Current Revenue Projections in Detail ""; ""Individual Income Taxes ""; ""The Individual Income Tax Base ""; ""The Social Insurance Tax Base ""; ""The Corporate Income Tax Base ""; ""Social Insurance Taxes ""; ""Corporate Income Taxes ""; ""Business Cycles ""; ""Changes to Tax Law ""; ""Inflation ""; ""Average Tax Rates in Recent Years ""; ""Excise Taxes ""; ""Estate and Gift Taxes ""; ""Other Sources of Revenue ""; ""The Effects of Expiring Tax Provisions ""

""Provisions That Expire in CBO�s Baseline Projections ""

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

1-60741-392-2

OCLC:

436156047