FIGURE 9-10 Federal spending and revenues under the committees intermediate-2 scenario.

FIGURE 9-10 Federal spending and revenues under the committee’s intermediate-2 scenario.

FIGURE 9-11 Deviation from the study baseline for revenues and noninterest outlays under the committees intermediate-2 scenario.

FIGURE 9-11 Deviation from the study baseline for revenues and noninterest outlays under the committee’s intermediate-2 scenario.

Revenue requirements would initially be slightly higher for the intermediate-1 than the intermediate-2 scenario. However, as the costs of Social Security and (especially) Medicare and Medicaid begin to escalate, this gap becomes progressively smaller and disappears by 2035. Thereafter, the revenue requirements for the intermediate-2 path are higher than those for intermediate-1. Revenue levels for the intermediate-1 and intermediate-2 scenarios are at 21 and 20.1 percent of GDP in 2019, 22.6 percent (for both) in 2035, and 24.2 and 26.4 percent in 2083. If state and local rev-



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