Obama’s Budget Worsens Debt Problem, but The Heritage Plan Solves It
Spending in the President’s budget proposal for 2012 would drive the debt to 87 percent of the economy by 2021. In contrast, Saving the American Dream: The Heritage Plan to Fix the Debt, Cut Spending, and Restore Prosperity solves the debt problem through strong budget reforms, lowering debt to 58 percent of GDP in just 10 years.
DEBT AS A PERCENTAGE OF GDP
Chart 23 of 42
Policy Papers for Researchers
- BACKGROUNDER ON MARCH 09, 2011Obama’s 2012 Budget Offers More Gimmicks, Not Reform
- SPECIAL REPORT ON MAY 10, 2011Saving the American Dream: The Heritage Plan to Fix the Debt, Cut Spending, and Restore Prosperity
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