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GAO projects that debt held by the public could more than double over the next 30 years — rising from around 100 percent of gross domestic product (GDP) at the end of fiscal year 2021 to 217 percent in 2050.
Since the shutdown began, about 800,000 federal employees have been furloughed or are working without pay.
https://www.pgpf.org/blog/2019/01/damage-caused-by-the-shutdown
Without reform, the Social Security Trust Funds will soon be depleted and unable to pay full benefits.
Federal debt is already at its highest level as a percentage of GDP since 1950 and would exceed its all-time high by 2034 under current law.
https://www.pgpf.org/analysis/2018/07/cbo-warns-historic-debt-levels-threaten-economy
The U.S. spent $820 billion on national defense during fiscal year (FY) 2023 according to the Office of Management and Budget, which amounted to 13 percent of federal spending.
https://www.pgpf.org/budget-basics/budget-explainer-national-defense
Projections of federal healthcare spending have improved but are still climbing as a share of the economy.
https://www.pgpf.org/chart-archive/0200_healthcare_share_econ_proj
The strong rebound in 2021 was partially due to the high economic growth experienced in the fourth quarter.
https://www.pgpf.org/blog/2022/01/the-us-economy-grew-at-its-fastest-rate-since-1984
Although the costliest measures are anticipated to contribute the most to the economy, CBO found those measures are not necessarily expected to provide the most bang for the buck.
Adjustments to the U.S. corporate income tax system could influence the level of domestic investment, economic growth, and hiring; such adjustments would also alter the amount of revenues collected by the federal government, which would have an effect on the nation’s fiscal outlook.
Interest costs are on track to become the largest category of spending in the federal budget.
https://www.pgpf.org/budget-basics/what-are-interest-costs-on-the-national-debt