Costs of Delaying Fiscal Reform
Waiting to act raises the cost of stabilizing the debt.
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Waiting to act raises the cost of stabilizing the debt.
The PGPF chart pack illustrates that budget-making involves many competing priorities, limited resources, and complex issues.
United States per capita healthcare spending is nearly three times the average of other developed countries.
Spending for mandatory programs and net interest is projected to putpace all other non-interest spending.
https://www.pgpf.org/chart-archive/0174_SS_major_health_climb
Spending on the major healthcare programs, Social Security, and interest will continue to climb rapidly over the long term.
https://www.pgpf.org/chart-archive/0281_spending_to_climb_rapidly
The United States spends more on defense than the next 9 countries combined.
Following the 2017 tax reform, the federal statutory corporate tax rate in the United States is now more in line with many other OECD countries.
https://www.pgpf.org/chart-archive/0273_statutory_corporate_income_tax_rates
Lawmakers have enacted a total of 128 continuing resolutions over the past 25 fiscal years.
https://www.pgpf.org/chart-archive/0228_continuing_resolutions
Medicare covers over 20 percent of most healthcare services.
https://www.pgpf.org/chart-archive/0092_medicare_share_costs
Medicaid finances almost one-fifth of healthcare spending in the United States.
https://www.pgpf.org/chart-archive/0095_medicaid_home_health