Without Entitlement Reform, Federal Spending Could Consume One-Half of the Economy by 2056

Without Entitlement Reform, Federal Spending Could Consume One-Half of the Economy by 2056

Everyone wants to know more about the budget and here is some key information with a chart from the Heritage Foundation and a video from the Cato Institute.

The major entitlements—MedicareMedicaid, the Obamacare subsidy program, and Social Security— are on track to push spending to unsustainable levels. These programs must be reformed in order to improve the long-term budget outlook.

PERCENTAGE OF GDP

 
 
Download

Without Entitlement Reform, Federal Spending Could Consume One-Half of the Economy by 2056

Source: Congressional Budget Office (Alternative Fiscal Scenario).

Chart 33 of 42

In Depth

  • Policy Papers for Researchers

  • Technical Notes

    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

  • Authors

    Emily GoffResearch Assistant
    Thomas A. Roe Institute for Economic Policy StudiesKathryn NixPolicy Analyst
    Center for Health Policy StudiesJohn FlemingSenior Data Graphics Editor

Post a comment or leave a trackback: Trackback URL.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: