Federal Budget in Pictures

Publicly Held Debt Set to Skyrocket

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Runaway spending on Medicare, Medicaid, and Social Security will drive federal debt to unsustainable levels. Without reforms, the debt held by the public?or debt borrowed in credit markets?will grow to nearly twice the size of the nation's entire economy by 2045.

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PUBLIC DEBT AS A PERCENTAGE OF GDP

Publicly Held Debt Set to Skyrocket

Sources: Congressional Budget Office and Office of Management and Budget.