Doug Elmendorf Speaks! The Message I Hear: Stick to PAYGO and We Are OK...

Our budget is more-or-less balanced over the next 75 years under the current-law baseline, but Doug doesn't believe it:

Long-Term Budget Outlook: The budget outlook is much bleaker under the alternative fiscal scenario, which incorporates several changes to current law that are widely expected to occur or that would modify some provisions of law that might be difficult to sustain for a long period. In this scenario, CBO assumed that:

Medicare’s payment rates for physicians would...