Moreover, CBO's baseline projections understate the budget deficits that would arise under many observers' interpretation of current policy, as opposed to current law.

此外，国会预算办公室的基线预测低估了预算赤字出现增长的情形。许多观察人士认为在当前的政策下预算赤字将会增长，与当前法律形成对照。

youdao

But he also notes that his target relates to what the budget would be based on current policy, not today's budget adjusted for inflation.

ECONOMIST: American military spending

"Recognizing budget realities, current Defense policy states that outreach events can only be supported with local assets at no cost to the government, " said a statement Tuesday from the office of the Commander Naval Air Forces in San Diego.

CNN: Budget cuts ground Blue Angels, Thunderbirds

Different organizations, ranging from the Bowles-Simpson Fiscal Commission to the House Budget Committee, have considered this current policy baseline to be the appropriate reference point, since it measures changes relative to the status quo, rather than the mix of expiring provisions and policy changes that would likely never be implemented.

WHITEHOUSE: American Taxpayer Relief Act Reduces Deficits by $737 Billion | The White House