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

handle is hein.congrec/cbo2380 and id is 1 raw text is: CONGRESS OF THE UNITED STATES CONGRESSIONAL BUDGET OFFICE CBO Percentage of GDP 120 Actual Extended Baseline Projection 100 - 80 60 60 - Federal Debt Held by the Public 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% 1tIncrease 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% Cut in Spending 52% 5 Cut in Spending e'e

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