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The 2015 Long-Term Budget Outlook [i] (June 16, 2015)

handle is hein.congrec/cbo2299 and id is 1 raw text is: Percentage of GDP 120 Actual Extended Baseline Projection 100 80 60 40 20 0 2000 2005 2010 2015 2020 2025 2030 2035 2040 If Lawmakers Aimed for Debt in 2040 to Equal ... Its 50-Year Average of 38% of GDP... Its Current Level of 74% of GDP... How Much Would They Need to Increase Revenues or Reduce Noninterest Spending per Year? 14% 1 Increase in Revenues 6% 1 Increase in Revenues 2.6% of GDP, or 1.1% of GDP, or which is equal to a which is equal to a 13%45 Cut in Spending eqa oa 51/% 45 Cut in Spending CONGRESS OF THE UNITED STATES CONGRESSIONAL BUDGET OFFICE CB' Ii

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