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Discretionary Appropriations in the President's Budget Compared with the Caps (In billions of dollars) |
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CBO
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OMB
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CBO Minus OMB
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Budget Authority |
Outlays | Budget Authority |
Outlays | Budget Authority |
Outlays | |||||||||
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President's Budgeta | 564 | 605 | 556 | 592 | 8 | 14 | ||||||||
Adjusted Capsa | 542 | 575 | 538 | 574 | 4 | 1 | ||||||||
Budget Less Adjusted Caps | 22 | 30 | 18 | 17 | 4 | 13 | ||||||||
Proposed Offsets | * | * | n.a. | -18 | n.a. | n.a. | ||||||||
n.a. | n.a. | n.a. | -1 | n.a. | n.a. | |||||||||
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SOURCES: Congressional Budget Office; Office of Management and Budget. | ||||||||||||||
NOTE: * = to be estimated; n.a. = not available. | ||||||||||||||
a. Includes an upward adjustment for mass transit budget authority that is not subject to the caps. | ||||||||||||||
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CBO Estimate of Debt Held by the Public and Equities Held by Social Security (By fiscal year, in billions of dollars) |
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2000 | 2001 | 2002 | 2003 | 2004 | |
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Debt, Assuming CBO's Baseline | 3,512 | 3,372 | 3,176 | 2,979 | 2,756 |
Effect of President's Budget | 53 | 119 | 220 | 323 | 432 |
Value of Equities Held by Social Security | -19 | -36 | -60 | -85 | -118 |
Debt Net of Equities Under President's Budget | 3,546 | 3,455 | 3,336 | 3,217 | 3,071 |
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SOURCE: Congressional Budget Office. | |||||
NOTE: All amounts refer to debt or stock held at the end of the fiscal year. | |||||
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CBO Estimates of the President's Budget Including the Social Security Framework (In billions of dollars) |
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2000 | 2001 | 2002 | 2003 | 2004 | ||
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Total Budget Surplus, CBO Baseline | 133 | 156 | 212 | 213 | 239 | |
President's Proposals | ||||||
Excluding Social Security Framework | -20 | -7 | -14 | -17 | -15 | |
Social Security Framework | -32 | -60 | -88 | -87 | -96 | |
Total Budget Surplus, CBO Estimate of President's Budget | 80 | 89 | 110 | 109 | 128 | |
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SOURCE: Congressional Budget Office. | ||||||
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HOW MUCH OF THE SURPLUS IS SAVED? |
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2000 | 2000- 2004 |
2000- 2009 |
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Baseline Total Surplus (Billions of dollars) | 133 | 952 | 2,603 |
Baseline Social Security Surplus (Billions of dollars) | 137 | 767 | 1,777 |
Surplus Under President's Policies (Billions of dollars) | 80 | 516 | 1,435 |
Percentage of Total Surplus Saved | 60% | 54% | 55% |
Percentage of Total Surplus Saved, Including Equities | 74% | 64% | 66% |
Percentage of Social Security Surplus Saved | 58% | 67% | 81% |
Percentage of Social Security Surplus Saved, Including Equities | 72% | 79% | 97% |
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SOURCE: Congressional Budget Office. | |||
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