Trying to project total federal revenues and outlays over the next 50 years represents educated guesses at best.

Question

Quizplus · Accepted Answer

There are many variables that can affect federal revenues and outlays such as economic conditions, demographic changes, changes in policy, and unforeseeable events, which makes it difficult to accurately predict these figures over such a long time period. However, various organizations including the Congressional Budget Office and the Social Security Administration release projections based on current trends and assumptions.

Trying to Project Total Federal Revenues and Outlays Over the Next