Where are we headed? Under current law, the federal budget is on an unsustainable path, because federal debt will continue to grow much faster than the economy over the long run.
Federal Debt Held by the Public Under CBO’s Long-Term Budget Scenarios (Percentage of GDP)
Here is the “Hope and Change” effect:
Spending Other Than That for Medicare, Medicaid, Social Security, and Net Interest, 1962 to 2080 (Percentage of GDP)
Factors Explaining Future Federal Spending on Medicare, Medicaid, and Social Security (Percentage of GDP)
Spending shown related to projected GDP