To convey clear information to Congress and the public about projected Federal outlays, revenues, surpluses, and deficits.

1. Adds SEC. __. TO CONVEY CLEAR INFORMATION TO CONGRESS AND THE PUBLIC ABOUT PROJECTED FEDERAL OUTLAYS, REVENUES, AND DEFICITS wherever appropriate

   Adds a section

   Inserted: SEC. __. TO CONVEY CLEAR INFORMATION TO CONGRESS AND THE PUBLIC ABOUT PROJECTED FEDERAL OUTLAYS, REVENUES, AND DEFICITS.

   Inserted: As part of the annual update to the Budget and Economic Outlook required by section 202(e) of the Congressional Budget Act of 1974 (2 U.S. C. 602(e)), and at any other time the Congressional Budget Office releases projections of Federal deficits over any term of years, the Congressional Budget Office shall publish with its projection a 1-page statement--

   Inserted: (1) summarizing and categorizing total outlays, receipts, surpluses, and deficits of the Federal Government on a unified basis for that same prospective time period;

   Inserted: (2) categorizing and subtotaling separately--

   Inserted: (A) outlays for mandatory programs and for discretionary programs;

   Inserted: (B) outlays, payroll tax revenue, and offsetting receipts for Social Security and for Medicare;

   Inserted: (C) the surplus or deficit of revenues over outlays for Social Security and for Medicare; and

   Inserted: (D) revenues.

   The amendment doesn't say where this goes; the clerk decides.

   Original wording

   At the appropriate place, insert the following:

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As printed