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SOURCE: Data from the Congressional Budget Office, The Long-Term Budget Outlook, June 2012. Compiled by PGPF.
NOTE: Spending refers to non-interest spending. The amounts shown are the non-interest spending cuts or revenue increases from the projected levels required to close the projected fiscal gap by using only one or the other, not both. The fiscal gap is a term that refers to the reduction in spending or increase in revenues required to keep debt-to-GDP no higher than the 2012 level over the next 75 years.
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Peter G. Peterson Foundation Chart Pack:
The PGPF chart pack illustrates that budget-making involves many competing priorities, limited resources, and complex issues. In this set of charts, we aim to frame the financial condition and fiscal outlook of the U.S. government within a broad economic, political, and demographic context.
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