This afternoon I am speaking to the Board of Trustees for the Manufacturers Alliance for Productivity and Innovation (MAPI) about CBO's latest long-term projections—released this summer in The 2015 Long-Term Budget Outlook. My presentation centered on the report's accompanying slide deck—The 2015 Long-Term Budget Outlook in 25 Slides —which highlights the key points of CBO's analysis. Last week, I spoke to the American Business Conference about CBO's most recent 10-year budget projections—released in August in An Update to the Budget and Economic Outlook: 2015 to 2025. In that presentation, I referenced a newly produced slide deck for our projections called The Budget Outlook for 2015 to 2025 in 18 Slides. In both presentations, I emphasized that to put the federal budget on a sustainable path for the long term, lawmakers would have to make major changes to tax policies, spending policies, or both—by reducing spending for large benefit programs below the projected amounts, letting revenues rise more than they would under current law, or adopting some combination of those approaches.
Keith Hall is CBO’s Director.