[ExI] Debt tsunami

Damien Broderick 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 CBO’s 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provisions originally enacted in the Economic 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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