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Interest Costs Are Projected to Grow Substantially
Interest costs are projected to grow substantially.
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Interest costs are projected to grow substantially.
Social Security and major health programs account for over three-quarters of mandatory spending.
Net interest costs on the national debt are projected to rise sharply.
The U.S. spent more on interest on the national debt than it has on other national priorities over the past decade.
https://www.pgpf.org/chart-archive/0308_interest_spending_priorities
Defense spending is projected to stay below its historical share of GDP.
Over the past 50 years, the share of the federal budget devoted to investments in the future has fallen sharply.
https://www.pgpf.org/chart-archive/0302_declining_investment_future
Mandatory spending accounts for about two-thirds of the budget.
Mandatory programs and interest costs will take over more of the federal budget, squeezing discretionary programs.
https://www.pgpf.org/chart-archive/0156_mandatory_discretionary_pies
Defense spending accounts for nearly half of total discretionary spending.
https://www.pgpf.org/chart-archive/0070_discretionary_spending_categories
Nondefense discretionary spending includes many programs that could promote future economic growth.
https://www.pgpf.org/chart-archive/0021_discretionary-spending