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Created by:Timothy HowlandTimothy Howland
{"id":2580229,"type":0,"block_id":"thowland_1394639751","theme_id":44,"user_id":467871,"path":"spending-differences-the-administration-vs-the-cbo","title":"Two Projections on Federal Debt Payments & Budget Deficits","pubtitle":"Spending differences: The Administration vs. the CBO","tags":"","public":true,"publicAccess":true,"private_link_enabled":0,"thumb":"https://s3-eu-west-1.amazonaws.com/infogram-thumbs-200/thowland_1394639751.jpg","width":550,"copyright":"National Taxpayers Union Foundation, Sources: OMB FY 2015 Budget, CBO","properties":{"publishType":0,"transparent":false,"rtl":false,"export_settings":{"showGrid":true,"showValues":true},"whitelabel":false,"embed_button":"enabled","title_link":"infogram","custom_logo":"none","user_embed_button_text":"Share","decimal_separator":".,"},"elements":[{"type":"particle","particle_id":17198251,"object_id":"4afb289e-eadc-11e4-a037-7b5f270fdca9","particle_type":"maintitle","picture":null,"text":"Two Projections on Federal Debt Payments & Budget Deficits","content_type":"","title":null,"shrink":null},{"type":"particle","particle_id":4269914,"object_id":"thowland_1394642250","particle_type":"bodytext","picture":null,"text":"With the release of President Obama's FY 2015 Budget, NTUF shows how the different assumptions used in the Office of Management and Budget's and the Congressional Budget Office's projections lead to a similar forecast for debt payments but a quite different outlook for the deficit.","content_type":"","title":"","shrink":null},{"type":"particle","particle_id":4269200,"object_id":"thowland_1394639817","particle_type":"bodytitle","picture":null,"text":"Net Interest Forecast on the Debt ($, billions)","content_type":"","title":"","shrink":null},{"type":"particle","particle_id":4270142,"object_id":"thowland_1394642947","particle_type":"bodytext","picture":null,"text":"Like an individual with a monthly payment on a mortgage or a car loan, the government must pay interest to finance deficit spending. While both the Administration and CBO agree that debt interest payments will nearly quadruple, there is a $267 billion difference between their estimates over the next ten years.","content_type":"","title":"","shrink":null},{"type":"chart","chart_id":4853956,"object_id":"thowland_1394639751","chart_type_nr":6,"data":[[["","2013","2014","2015","2016","2017","2018","2019","2020","2021","2022","2023","2024"],["FY 2015 Budget","$221","$223","$252","$318","$392","$474","$551","$616","$669","$721","$772","$812"],["CBO","$221","$233","$268","$326","$404","$493","$569","$635","$694","$755","$819","$880"]]],"custom":{"legacyTransposeDone":true,"switchRowsColumns":true},"colors":[],"dimensions":[],"modifier":0,"sheetnames":null,"sheets_settings":[]},{"type":"particle","particle_id":4269931,"object_id":"thowland_1394642320","particle_type":"bodytitle","picture":null,"text":"Federal Deficit as % of GDP","content_type":"","title":"","shrink":null},{"type":"particle","particle_id":4270145,"object_id":"thowland_1394642951","particle_type":"bodytext","picture":null,"text":"More striking, the Obama Administration sees shrinking deficits as time goes on whereas CBO economists report the opposite. The White House plan predicts record-high annual growth in tax revenues and is also more optimistic about economic growth than CBO.","content_type":"","title":"","shrink":null},{"type":"chart","chart_id":4854676,"object_id":"thowland_1394642309","chart_type_nr":25,"data":[[["","2013","2014","2015","2016","2017","2018","2019","2020","2021","2022","2023","2024"],["FY 2015 Budget","4.1%","3.7%","3.1%","2.8%","2.3%","1.9%","2.3%","2.2%","2.1%","2.1%","1.8%","1.6%"],["CBO","4.1%","3.0%","2.6%","2.8%","2.9%","3.1%","3.4%","3.7%","3.8%","4.2%","4.1%","4.0%"]]],"custom":{},"colors":["#e6003c","#00b6b6","#adc700","#614829","#a00841","#1b7a7a","#5b7500","#372917","#ed6673","#75c8c8","#d7e76e","#a0733a","#bc4a65","#5ea5a5","#586430","#281e12"],"dimensions":[],"modifier":0,"sheetnames":null,"sheets_settings":[]},{"type":"particle","particle_id":4270453,"object_id":"thowland_1394643750","particle_type":"bodytitle","picture":null,"text":"Why are there differences? Assumptions.","content_type":"","title":"","shrink":null},{"type":"chart","chart_id":4855217,"object_id":"thowland_1394643729","chart_type_nr":23,"data":[[["Economic Growth","OMB projects generous growth over the next ten years while CBO expects the expansion of the economy to be below average.","starPath",""],["Tax Revenue","CBO projects $40.6 trillion in revenue over the next ten years. OMB's prediction is over $3 trillion higher in that same time.","circlePath"],["Half Empty or Full?","CBO envisions a weaker fiscal situation across the board, forecasting lower revenues, more spending, and a lower overall GDP than OMB.","downPath"]]],"custom":{},"colors":["#e6003c","#00b6b6","#adc700","#614829","#a00841","#1b7a7a","#5b7500","#372917","#ed6673","#75c8c8","#d7e76e","#a0733a","#bc4a65","#5ea5a5","#586430","#281e12"],"dimensions":[],"modifier":0,"sheetnames":null,"sheets_settings":[]},{"type":"particle","particle_id":4283846,"object_id":"thowland_1394728017","particle_type":"bodytext","picture":null,"text":"For more information, go to http://www.ntu.org/ntuf","content_type":"","title":"","shrink":null}],"theme":{"createdAt":"2016-04-22 07:54:07","updatedAt":"2016-09-02 09:19:10","logoImages":[""],"charts":{"wordcloud":{"labels":{"fontWeight":"700","fontFamily":"Arial"}},"treemap":{"labels":{"value":{"fontFamily":"PT Sans 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