Technical Notes for ‘Real World’ Scenario

This is an appendix for our earlier post, “Reviving the ‘Real World’ Scenario That’s Disappeared from Government Reports.”

Here are the dollar figures for added budget deficits (excluding debt service costs) in step #1 (“We deal with dishonest lawmakers”):

real world versus baseline table 4

For more detail on the economic adjustments in step #2, see “Why Mr. Smith Has More Work To Do” and the accompanying “technical notes” post.

Here are the dollar figures for added budget deficits (excluding debt service costs) in step #3 (“We put on our actuarial hats”):

real world versus baseline table 5

Here are the dollar figures for added budget deficits in step #4, where we add trust fund debt back in:

real world versus baseline table 6

For more detail on the adjustments in step #3, see “Word Matching the ‘Deadly Sins’: #2“.

For more detail on the adjustments in step #4, see “Word Matching the ‘Deadly Sins’: #5“.

For the source documents containing all of the CBO’s estimates, click here.

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