Concord Coalitions August 2010 Plausible Budget Baseline shows $15.2 trillion in Federal Deficits from 2010-2020
The Concord Baseline makes some key assumption changes to the CBO baseline. CBO is required to assume that congressional appropriations continue increasing only at the rate of inflation for the 10 year baseline. They also extend emergency supplemental at their “current” level plus inflation over the duration of the baseline. For tax legislation, they assume …