Another Calculation - 2031

This is based partially on http://crfb.org/document/analysis-cbos-august-2011-baseline-and-update-crfb-realistic-baseline. It assumes that the deficit reduction committee is successful in cutting $1.2 trillion from the budget. It pushes the crisis point out to 2031, but the basic problem still exists: revenue increases at the same rate as GDP (4.5% here), but the entitlement spending increases at a rate greater than GDP (7% here).

Update 6/19/2012: This is model J-5.