The Nation’s Long-Term Fiscal Outlook April 2008 Update

Source: United States Government Accountability Office, GAO-08-783R, April 2008

Our updated simulations continue to illustrate that the long-term fiscal outlook is unsustainable. Despite some improvement in the long-term outlook for federal health and retirement spending, the federal government still faces large and growing structural deficits driven primarily by rising health care costs and known demographic trends.

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