Today the Congressional Budget Office released the Long-Term Budget Outlook. The report gives a clear picture of the country’s fiscal situation, and projects spending and revenues into the future. There will be plenty of commentary on this document to come (Paul Ryan is already broadcasting the report’s warnings about spending), but for now here are the best graphs from the outlook:
This chart shows the projected debt (the alternative fiscal scenario is the most likely path):
This one shows the same projection over a longer timeframe:
Lastly, this chart includes the composition of the spending, and shows that the unsustainable spending is mostly driven by government spending on health care:
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