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Discover why our fiscal health and economic strength are so closely tied, and why it is important to get the deficit under control and work toward a balanced budget.
Many factors contribute to the long-term outlook for the U.S. economy and budget, but there are two major drivers of spending: demographics and rising healthcare costs.
The nonpartisan Congressional Budget Office projects that the federal debt could reach 175% of GDP by 2040.
The Trustees urge lawmakers to enact legislation soon to put Medicare on a sustainable path.
Why Long-Term Debt Matters
Analysis of Congressional Budget Office's August 2012 Update of the Budget and Economic Outlook
The Peter G. Peterson Foundation analysis of Congressional Budget Office's February 2013 "Budget and Economic Outlook" report: CBO Report Finds Historically High Debt Persists Throughout the Decade