![](https://www.pgpf.org/sites/default/files/0315_defense_spending_change-full.gif)
Defense Spending Over Time
The composition of defense spending has changed over time.
https://www.pgpf.org/chart-archive/0315_defense_spending_change
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The composition of defense spending has changed over time.
https://www.pgpf.org/chart-archive/0315_defense_spending_change
Non-defense discretionary spending funds a wide range of programs
https://www.pgpf.org/chart-archive/0318_nondefense_disc_categories
Beyond 2030, rising interest costs are the driving factor in projected growth in annual deficits.
https://www.pgpf.org/chart-archive/0280_net_interest_primary_deficit
Discretionary spending is projected to stay below its historical share of GDP.
https://www.pgpf.org/chart-archive/0177_discretionary_low_levels
The federal government collects revenue from a variety of sources.
Set against the backdrop of a new political, policy and economic landscape, the 2017 Fiscal Summit will explore the connection between the legislative agenda and our growing national debt.
“Unfortunately, this bill does little to address our long-term fiscal challenges," said Michael A. Peterson.
Prior to the Great Depression deficits were unusual in the U.S. Budget. Surpluses occurred in about two-thirds of the years between 1800 to 1929.
https://www.pgpf.org/chart-archive/0023_federal-deficit-surplus
U.S. dependency on foreign lenders to finance the public debt has risen sharply.
https://www.pgpf.org/chart-archive/0057_foreign-holders-debt
Recessions and countercyclical policies generally increase deficits, but deficits tend to diminish during and after recoveries.
https://www.pgpf.org/chart-archive/0307_deficits_and_recessions