The 2012 long term budget outlook june 5 2012 whether that debt will continue to grow in coming decades will be affected by long term demographic trends particularly the aging of the population economic developments and policymakers decisions about taxes and spending. Congressional budget office cbo the 2012 long term budget outlook june 2012 cbo notes unless otherwise indicated in most of this report the years referred to are federal fiscal years which run from october 1 to september 30 in chapter 2 budgetary variables such as the. The congressional budget offices 2012 long term budget outlook warns that the nations current policy path is unsustainable the projections highlight the growing mismatch between current spending policies and current revenue policies. The congressional budget office cbo released its 2018 long term budget outlook today reiterating the budgets unsustainable long term trajectory cbo projects debt held by the public will reach a new record as a share of the economy within 16 years and will double its current levels within three decades. The congressional budget offices cbo long term outlook shows for the first time the consequences beyond the ten year budget window of the republican led congresss tax breaks for the wealthiest
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