Entitlements Will Consume All Tax Revenues by 2049
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.
If the average historical level of tax revenue is extended, spending on Medicare, Medicaid and the Obamacare subsidy program, and Social Security will consume all revenues by 2049. Becauseentitlement spending is funded on autopilot, no revenue will be left to pay for other government spending, including constitutional functions such as defense.
PERCENTAGE OF GDP
Chart 30 of 42
In One Year, Spending on Interest on the National Debt Is Greater Than Funding for Most Programs
Entitlement Spending Will More Than Double by 2050In Depth
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Policy Papers for Researchers
- BACKGROUNDER ON DECEMBER 13, 2010How to Fix Medicare: A New Vision for a Better Program
- WEBMEMO ON MAY 15, 2011Social Security 2011 Trustees Report Shows Permanent Deficits
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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
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Authors
Emily GoffResearch Assistant
Thomas A. Roe Institute for Economic Policy StudiesKathryn NixPolicy Analyst
Center for Health Policy StudiesJohn FlemingSenior Data Graphics Editor
