For fun, I looked at the first edition of the long-term budget outlook from 2000.
Runaway health care entitlement costs are the prime driver of our long term budget gap.
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Last week, the Congressional Budget Office (CBO) issued their Long Term Budget Outlook for 2011.
That pain would be worth enduring if it led to a better medium-term budget outcome.
The Republican move is designed to force the Democratic-controlled Senate to put forward a long-term budget plan.
Over 75% of projected the long-term budget gap is caused by escalating interest costs on debt.
It is currently funded out of the main EU long term budget, known as the multi-annual financial framework.
He advocated a balanced approach to reducing the long-term budget deficit through spending cuts and additional tax revenue.
In March, the House and Senate will take up competing long-term budget blueprints.
Europe - after marathon hours of negotiating - has agreed a long-term budget.
Mr Ryan's roadmap takes as its starting point the CBO's long-term budget forecast.
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But he foolishly failed to embrace a long-term budget solution put forward by the bipartisan Simpson-Bowles commission, which he himself appointed.
Take a look at any long-term budget proposal from either political party.
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He said Cyprus would try to broker an agreement on the EU's long-term budget - the Multiannual Financial Framework (MFF) - this year.
The prime example is the so-called Super Committee charged with arriving at a grand bargain on the long-term budget, taxes and spending.
"What's unique at this point, relative to all the nation's history, is that the long-term budget is in permanent imbalance, " says economist C.
Boehner says revenues are on the table as part of a long-term budget agreement, though higher tax rates for high-income households are not.
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We need to come together, Democrats and Republicans, around a long-term budget that sacrifices wasteful spending without sacrificing the job-creating investments in our future.
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Less noticed is that Mr Obama's fiscal plan will also worsen the medium-term budget mess, by making tax cuts for the middle class permanent.
Underestimating the long-term budget situation is an old game in Washington.
Unfortunately, the near-term budget problem pales compared to the longer-term challenge.
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New York (CNN) -- Will America's political leaders grasp the chance to begin taming the long-term budget deficit offered by the recommendations of a presidential commission?
But I think it would be wrong to look at the agreement that the President laid down as either a long-term tax or a long-term budget agreement.
It is also a significant part of the reason that Democrats claim that ObamaCare is fiscally responsible, but this turns out to be a short-term budget ruse.
It is not always easy to terminate spending programs once they have been funded, but our bleak long-term budget outlook requires significant sacrifices over the coming years.
Germany has indicated it is sympathetic to the UK's arguments that the EU needs to cut costs, but says some increase in the long-term budget is necessary.
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This has the advantage that, because it is temporary, it would encourage people to buy now, not later, and it would not damage America's long-term budget position.
Over the next several years, the Clinton Administration put in place a long-term budget projection and a new national security strategy and conducted more detailed force capability analyses.
And he sounded glum about prospects that the two sides will come together in the spring on a separate, long-term budget blueprint to address the government's fiscal problems.
The Commission's proposal for the long-term budget, called the Multiannual Financial Framework, sets the ceiling at just over one trillion euros, or 1.03% of EU gross national income.
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