President's Budget Relies on Optimistic Economic Projections and Unlikely Spending Cuts
The president's budget misses an opportunity to address the structural causes of our debt and relies instead on overly optimistic economic assumptions.
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The president's budget misses an opportunity to address the structural causes of our debt and relies instead on overly optimistic economic assumptions.
Over the past 50 years, the share of Medicare spending on hospital expenses has declined the most while the share spent on prescription drugs has increased the most
https://www.pgpf.org/chart-archive/0089_composition_medicare_payments
The U.S. has historically devoted a larger share of its economy to defense than other members of the G-7.
Eight popular tax provisions accounted for a large majority of annual tax expenditures.
https://www.pgpf.org/chart-archive/0009_largest-tax-expenditures
The top 1 percent of taxpayers receive 19 percent of the benefit from individual income tax expenditures.
Medicare spending is projected to rise rapidly.
https://www.pgpf.org/chart-archive/0276_medicare_spending_long-term
The PGPF chart pack illustrates that budget-making involves many competing priorities, limited resources, and complex issues.
The growing debt is caused by a structural mismatch between spending and revenues.