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Research report

Dj Vu All Over Again

On the Dismal Prospects for the Federal Budget

Alan J. Auerbach, William G. Gale
April 29, 2010
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Abstract

We provide new estimates of the federal budget outlook over 10-year and long-term horizons under three sets of assumptions: the Congressional Budget Office baseline, which assumes no changes in current law; an extended policy scenario, in which it is assumed that future Congresses act more or less like previous Congresses in extending expiring provisions; and the Administration budget. Under either the extended policy or the Obama policy scenarios, deficits are high and rising over the second half of the decade, despite the assumption that the economy is in full employment.

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Campaigns, Proposals, and Reforms
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  • Alan J. Auerbach
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Research report

New Evidence on The Effect of The TCJA On the Housing Market

Robert McClelland, Livia Mucciolo, Safia Sayed
March 30, 2022
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