U.S. Debt on Track to Fuel Economic Crisis
Countries like Greece and Portugal have suffered or are anticipating financial crises as a result of mounting debt. If the U.S. continues federal deficit spending on its current trajectory, it will face similar economic woes.
PROJECTED U.S. PUBLICLY HELD DEBT AS PERCENTAGE OF GDP
Chart 27 of 42
Policy Papers for Researchers
- WEBMEMO ON JULY 27, 2010U.S. Long-Term Debt Situation Is One of the World’s Worst
- WEBMEMO ON OCTOBER 26, 2010The U.K. Budget Cuts: Lessons for the United States
The charts in this book are based primarily on data available as of March 2011 from the Office of Management and Budget (OMB) and the Congressional Budget Office (CBO). The charts using OMB data display the historical growth of the federal government to 2010 while the charts using CBO data display both historical and projected growth from as early as 1940 to 2084. Projections based on OMB data are taken from the White House Fiscal Year 2012 budget. The charts provide data on an annual basis except… Read More