Federal Deficit and Debt: June 2021
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for June 2021.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-june-2021
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Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for June 2021.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-june-2021
United States per capita healthcare spending is nearly three times the average of other developed countries.
The President's Budget for Fiscal Year 2013 projects that the budget deficit will gradually decline under the President's policies from $1,327 billion in 2012 to $704 billion in 2022.
https://www.pgpf.org/analysis/analysis-of-the-president%E2%80%99s-fiscal-year-2013-budget
The report projects that in 2018 — for the first time since 1982 — the program’s total costs will exceed its total income.
The most precious asset the nation has is its people. But we are leaving far too many behind.
The homeownership rate for young adult households has increased, but remains below it’s peak.
https://www.pgpf.org/chart-archive/0227_young_adult_home_own
Over the next 10 years, the cumulative deficit would total $13.9 trillion if the President’s policies were carried out.
https://www.pgpf.org/blog/2021/09/deficits-will-remain-over-1-trillion-for-the-next-decade
CBO projects that federal debt will remain at historically high levels over the next decade under current laws and warns that such high levels of debt could harm the economy.
https://www.pgpf.org/analysis/cbo-warns-fiscal-path-is-unsustainable-and-threatens-economic-growth
High-income households earn a disproportionate share of pre-tax income and pay an even larger share of total federal taxes.
All income groups pay taxes, but overall the U.S. tax system is progressive.
https://www.pgpf.org/chart-archive/0210_distribution_of_taxes