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AN ADDENDUM TO THE PRESENTATION ON
AN ANALYSIS OF THE PRESIDENT'S BUDGETARY PROPOSALS FOR FISCAL YEAR 2000: A PRELIMINARY REPORT
 
Prepared by the Congressional Budget Office and delivered before the Senate Committee on the Budget, March 3, 1999, and the House Committee on the Budget, March 4, 1999
 
 
Discretionary Appropriations in the President's Budget Compared with the Caps (In billions of dollars)
CBO
OMB
CBO Minus OMB
Budget
Authority		 Outlays Budget
Authority		 Outlays Budget
Authority		 Outlays
President's Budgeta 564 605 556 592 8 14
Adjusted Capsa 542 575 538 574 4 1
Budget Less Adjusted Caps 22 30 18 17 4 13
Proposed Offsets * * n.a. -18 n.a. n.a.
 
n.a. n.a. n.a. -1 n.a. n.a.
SOURCES: Congressional Budget Office; Office of Management and Budget.
NOTE: * = to be estimated; n.a. = not available.
a. Includes an upward adjustment for mass transit budget authority that is not subject to the caps.
 
CBO Estimate of Debt Held by the Public and Equities Held by Social Security (By fiscal year, in billions of dollars)
2000 2001 2002 2003 2004
Debt, Assuming CBO's Baseline 3,512 3,372 3,176 2,979 2,756
Effect of President's Budget 53 119 220 323 432
Value of Equities Held by Social Security -19 -36 -60 -85 -118
 
Debt Net of Equities Under President's Budget 3,546 3,455 3,336 3,217 3,071
SOURCE: Congressional Budget Office.
NOTE: All amounts refer to debt or stock held at the end of the fiscal year.
 
CBO Estimates of the President's Budget Including the Social Security Framework (In billions of dollars)
2000 2001 2002 2003 2004
Total Budget Surplus, CBO Baseline 133 156 212 213 239
 
President's Proposals
Excluding Social Security Framework -20 -7 -14 -17 -15
Social Security Framework -32 -60 -88 -87 -96
 
Total Budget Surplus, CBO Estimate of President's Budget 80 89 110 109 128
SOURCE: Congressional Budget Office.
 
HOW MUCH OF THE SURPLUS IS SAVED?
2000 2000-
2004		 2000-
2009
Baseline Total Surplus (Billions of dollars) 133 952 2,603
Baseline Social Security Surplus (Billions of dollars) 137 767 1,777
Surplus Under President's Policies (Billions of dollars) 80 516 1,435
Percentage of Total Surplus Saved 60% 54% 55%
Percentage of Total Surplus Saved, Including Equities 74% 64% 66%
Percentage of Social Security Surplus Saved 58% 67% 81%
Percentage of Social Security Surplus Saved, Including Equities 72% 79% 97%
SOURCE: Congressional Budget Office.