Tuesday, January 25, 2005
Tweet[IWS] CBO: The Budget and Economic Outlook: Fiscal Years 2006 to 2015 [25 January 2005]
IWS Documented News Service
_______________________________
Institute for Workplace Studies Professor Samuel B. Bacharach
School of Industrial & Labor Relations Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor Stuart Basefsky
New York, NY 10016 Director, IWS News Bureau
________________________________________________________________________
Congressional Budget Office (CBO)
The Budget and Economic Outlook: Fiscal Years 2006 to 2015 [25 January 2005]
http://www.cbo.gov/showdoc.cfm?index=6060&sequence=0
or
http://www.cbo.gov/ftpdocs/60xx/doc6060/01-25-BudgetOutlook.pdf
[full-text, 186 pages]
[excerpt]
Over the longer term, the federal budget will be strained
significantly by demographic changes that will begin
within the current 10-year projection period and intensify
as members of the baby-boom generation age. In particular,
the rising cost of health care will contribute to the
growth of programs for elderly and low-income beneficiaries.
As a result, under current law, total federal spending
for Social Security, Medicare, and Medicaid is projected
to grow by about 25 percent over the next 10 years relative
to the size of the economy—from 8.4 percent of
GDP in 2004 to 10.4 percent of GDP in 2015.
_____________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky *
Director, IWS News Bureau *
Institute for Workplace Studies *
Cornell/ILR School *
16 E. 34th Street, 4th Floor *
New York, NY 10016 *
*
Telephone: (607) 255-2703 *
Fax: (607) 255-9641 *
E-mail: smb6@cornell.edu *
****************************************
_______________________________
Institute for Workplace Studies
School of Industrial & Labor Relations
Cornell University
16 East 34th Street, 4th floor
New York, NY 10016
________________________________________________________________________
Congressional Budget Office (CBO)
The Budget and Economic Outlook: Fiscal Years 2006 to 2015 [25 January 2005]
http://www.cbo.gov/showdoc.cfm?index=6060&sequence=0
or
http://www.cbo.gov/ftpdocs/60xx/doc6060/01-25-BudgetOutlook.pdf
[full-text, 186 pages]
[excerpt]
Over the longer term, the federal budget will be strained
significantly by demographic changes that will begin
within the current 10-year projection period and intensify
as members of the baby-boom generation age. In particular,
the rising cost of health care will contribute to the
growth of programs for elderly and low-income beneficiaries.
As a result, under current law, total federal spending
for Social Security, Medicare, and Medicaid is projected
to grow by about 25 percent over the next 10 years relative
to the size of the economy—from 8.4 percent of
GDP in 2004 to 10.4 percent of GDP in 2015.
_____________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 4:44 PM
