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Saving Our Future requires Tough Choices Today

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Table of contents

  • Open
  • Composition of Federal Spending
  • Federal Spending for Mandatory and Discretionary Programs
  • Surplus or Deficit as a Share of GDP Fiscal Years 1962-2005
  • Fiscal Year 2004 and 2005 Deficits
  • The Importance of Looking Beyond the 1st Year
  • Estimated Fiscal Exposures (in $ trillions)
  • How Big is Our Growing Fiscal Burden?
  • Composition of Spending as a Share of GDP Under Baseline Extended
  • Composition of Spending as a Share of GDP Assuming Discretionary Spending Grows with GDP after 2005 and All Expiring Tax Provisions are Extended
  • U.S. Elderly Dependency Ratio Expected to Continue to Increase
  • Growth in Spending for Social Security, Medicare, and Medicaid Expected to Outpace Economic Growth
  • Social Security, Medicare, and Medicaid Spending as a Percent of GDP
  • Debt per Capita Could Exceed GDP Per Capita by 2030 Assuming Discretionary Spending Grows with GDP after 2005 and All Expiring Tax Provisions are Extended
  • Current Fiscal Policy Is Unsustainable
  • The Way Forward: Three Pronged Approach
  • 21st Century Challenges Report
  • Measured on an Outlay Equivalent Basis, Tax Expenditures Exceeded Discretionary Spending for Most Years in the Last Decade
  • Health Care Is the Nation's Top Tax Expenditure in Fiscal Year 2004
  • Moving the Debate Forward
  • Federal Deficit Cartoon
  • Close
 

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