Infinite-Horizon AGO Fiscal Gaps

Inﬁnite-‐Horizon Auerbach-‐Gale-‐ Orszag Fiscal Gaps CBO Adjusted Baseline Fiscal Gap:

9.5%

EGTRRA, JGTRRA, ARRA, AMT Tax Provision Extension: Other Baseline Adjustments:

2.5% 0.1%

CBO Current-‐Law Baseline Fiscal Gap:

6.9%

Medicare Part D: AmorTzing Bush-‐Era Deﬁcits:

1.2% 1.4%

Gore-‐PAYGO Baseline Fiscal Gap:

4.3%

Sustainable Deﬁcit (6% GDP growth):

3.6%

Each Percentage Point of Excess Federal Health Spending Growth: Social Security:

1.3% 1.5%

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