Policy Papers

Fiscal and Generational Imbalances in the U.S. Federal Budget
We estimate the U.S. federal fiscal imbalance at $202.9 trillion in perpetuity using Penn Wharton Budget Model microsimulations.
Agustin Diaz Casanueva, Jagadeesh Gokhale, Kent A. Smetters
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Fiscal and Generational Imbalances in the U.S. Federal Budget