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Budgetary and Economic Outcomes Under Paths for Federal Revenues and Noninterest Spending Specified by Chairman Paul Ryan, April 2014
Christina Howlett (ed)
At the request of the Chairman of the House of Representatives Budget Comm. Congressman Paul Ryan, this report projects budgetary and economic outcomes under paths for federal revenues and spending (excluding interest payments) specified by Chairman Ryan. The projections do not represent a cost estimate for legislation or an analysis of the effects of any specific policies. In particular, the report does not consider whether the specified paths are consistent with the policy proposals or budget numbers that Chairman Ryan released on April 1, 2014, as part of his proposed budget resolution. The projections in this report represent an assessment of how federal debt and economic output would evolve from 2015 to 2040 under Chairman Ryanäó»s specified paths for revenues and noninterest spending. They show how the paths would affect the economy and how those macroeconomic effects (or feedback) in turn would affect the federal budget. For comparison, the report also updated the estimated effects of the four budget scenarios that analyzed in a previous report, The 2013 Long-Term Budget Outlook. Figures and tables. This is a print on demand report.
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