CBO can’t identify which programs cause growth

Published



At a June 23rd Budget Committee hearing, Rep. Tim Huelskamp, R-Kan., pressed Congressional Budget Office Director Douglas Elmendorf to identify specific government spending programs that lead to economic growth. He specifically asked him if Medicare or Social Security drove economic growth. Elmendorf said neither program was “an important driver” of economic growth “in the long term.” Elmendorf added:

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