[ExI] Debt tsunami
thespike at satx.rr.com
Mon May 4 04:13:45 UTC 2009
At 11:43 PM 5/3/2009 -0400, Rafal wrote:
>Please direct your attention especially figure 1-2.
This sort of thing?
<Revenues in CBOs baseline grow from a low of
15.5 percent of GDP this year to 19.9 percent in
2013 and remain at roughly 20 percent of GDP
thereafter. Much of that increase results from
the growing impact of the alternative minimum
tax (AMT) and, even more significant, the
scheduled expiration in December 2010 of
provisions originally enacted in the Economic
Growth and Tax Relief Reconciliation Act of 2001
(EGTRRA) and the Jobs and Growth Tax Relief
Reconciliation Act of 2003 (JGTRRA), as well as
tax provisions enacted in ARRA.
As a percent age of GDP, outlays in the baseline
peak in 2009 at 27.4 percent of GDP and then fall
to 21.7 percent in 2012. They remain roughly
constant thereafter, at about 22 percent of GDP from 2013 to 2019.>
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