About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

Impact of Social Security and Medicare on the Federal Budget 1 (November 2002)

handle is hein.congrec/cbo9253 and id is 1 raw text is: LONG-RA CBO F ISCAL POLICY BRIEF A series ofissue summaries from the Congressional Budget Office NO. 6, NOVEMBER 14, 2002 The Impact of Social Security and Medicare on the Federal Budget What the Budget Currently Shows The difference between the income and expenditures credited to the Social Security and Medicare trust funds is often used to show the impact that the programs have on the fiscal con- dition of the government. However, the trust fund account- ing for the programs that is required by law is designed to show their total spending authority and expenditures-not governmental receipts and expenditures. According to the Congressional Budget Office's (CBO's) estimates for fiscal years 2003 through 2012, under current policies Social Securitywould run trust fund surpluses total- ing $2.5 trillion, and the rest of the budget would run defi- cits totaling $1.5 trillion.1 Many observers therefore conclude 1. See Congressional Budget Office, The Budget and Economic Outlook: An Update (August 2002).

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most