Table 4. Illustrative Deficit Reduction Alternatives (By fiscal year, in
billions of dollars)

                                                           Cumulative
                                                           Five-Year
                      1994   1995    1996   1997   1998    Total

                       $500 Billion in Five-Year Savings

CBO Baseline Deficit    291    284    287    319    357    1,539

Illustrative Savings

  Policy changes        -30    -60    -90    -120   -150   -450

  Debt-service savings   -1     -4     -8     -15    -25    -53

    Subtotal            -31    -64    -98    -135   -175   -503

Resulting Deficit       261    220    188    184    183    1,036



                       $1 Trillion in Five-Year Savings

CBO Baseline Deficit    291    284    287    319    357    1,539

Illustrative Savings

  Policy changes        -60    -120   -180   -240   -300   -900

  Debt-service savings   -2      -7    -17    -31    -49    -105

    Subtotal            -62    -127   -197   -271   -349   -1,005

Resulting Deficit       230    157    90     49     8      533
SOURCE:Congressional Budget Office.
