Non-Defense Discretionary Breakdown
Non-defense discretionary spending funds a wide range of programs
https://www.pgpf.org/chart-archive/0318_nondefense_disc_categories
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Non-defense discretionary spending funds a wide range of programs
https://www.pgpf.org/chart-archive/0318_nondefense_disc_categories
Beyond 2030, rising interest costs are the driving factor in projected growth in annual deficits.
https://www.pgpf.org/chart-archive/0280_net_interest_primary_deficit
Discretionary spending is projected to stay below its historical share of GDP.
https://www.pgpf.org/chart-archive/0177_discretionary_low_levels
The federal government collects revenue from a variety of sources.
High inflation breeds instability, raising the risk of both higher interest rates and recession.
Prior to the Great Depression deficits were unusual in the U.S. Budget. Surpluses occurred in about two-thirds of the years between 1800 to 1929.
https://www.pgpf.org/chart-archive/0023_federal-deficit-surplus
U.S. dependency on foreign lenders to finance the public debt has risen sharply.
https://www.pgpf.org/chart-archive/0057_foreign-holders-debt
Recessions and countercyclical policies generally increase deficits, but deficits tend to diminish during and after recoveries.
https://www.pgpf.org/chart-archive/0307_deficits_and_recessions
Inflation’s legacy of higher real interest rates poses a significant danger to the federal budget.