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Averting a Fiscal Crisis - Why America Needs Comprehensive Fiscal Reform Now 0 0 0 0 0 0

Averting a Fiscal Crisis - Why America Needs Comprehensive Fiscal Reform Now 0 0 0 0 0 0

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Published by: Committee For a Responsible Federal Budget on Aug 29, 2012
Copyright:Attribution Non-commercial

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10/15/2013

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Averting a Fiscal Crisis
Why America Needs ComprehensiveFiscal Reforms Now
 
Deficit Projections
Note: Estimates based on CRFB Realistic Baseline.
(Percent of GDP)
1992-2012 Average Deficit:
 
2.9%
 
2012-2022 Average Current Policy Deficit: 4.3%
1
-4%-2%0%2%
4%6%
8%10%12%
 
10%12%14%16%18%20%22%24%26%200020022004200620082010201220142016201820202022Current Law SpendingCurrent Law RevenuesCRFB Realistic SpendingCRFB Realistic Revenues
ActualProjected
Gap Between Revenue and Spending
Note: Estimates based on CRFB Realistic Baseline.
(Percent of GDP)
Avg. Historical Spending (1972-2011): 21.0%
2
Avg. Historical Revenues (1972-2011): 17.9%

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