PrintOctober 31, 2009
Graph of the Day for October 31, 2009
"The ‘Status Quo' is not an option. We face large and growing structural deficits largely due to known demographic trends and rising health care costs. GAO's simulations show that balancing the budget in 2040 could require actions as large as cutting total federal spending by 60% or more, or raising federal taxes to two times today's level."
David Walker, Comptroller General of the United States, April 4, 2007.
Source: 2007 Government Accounting Office report, Saving Our Future Requires Tough Choices Today.
Hoven's Index for October 31, 2009
CBO's estimate of additional deficits over 2010-2019 from the House's health reform bill: $1.042 trillion. (Source: CBO, see Table at end.)
CBO's estimate of the "gross cost of coverage provisions" over 2011-2019 of the Senate's health reform bill: $0.829 trillion. (Source: CBO, see first table.)
CBO's estimate of the increase in the 2010-2019 cumulative deficit of President Obama's budget over a "baseline" (current-law) budget: $4.698 trillion. (Source: CBO, see Table 1-1.)
