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Growth in Social Security, Medicare, and Medicaid have more than offset declines in defense since the late 1960s.
https://www.pgpf.org/chart-archive/0013_spending-composition-simple
Prior to the Great Depression deficits were unusual in the U.S. Budget. Surpluses occurred in over two-thirds of the years between 1800 and 1930.
https://www.pgpf.org/chart-archive/0023_federal-deficit-surplus
CBO projects that the deficit for 2019 will be $960 billion. That’s $63 billion (or 7 percent) above its estimate from just three months ago.
“We all know we are already on a troubling fiscal path, but today’s CBO report shows us that our leaders are making things considerably worse," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
Many Americans, young and old, may be confused by the complex set of issues that comprise how the government raises revenues and allocates them.
https://www.pgpf.org/blog/2019/08/what-is-fiscal-policy-interactive-teaching-tools
Rising interest costs are the primary factor in projected growth in annual deficits.
https://www.pgpf.org/chart-archive/0280_net_interest_primary_deficit
Spending for the major healthcare programs will continue to climb rapidly over the long term.
https://www.pgpf.org/chart-archive/0281_major_health_spending_to_climb_rapidly
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for June 2019.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-june-2019
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the latest data for Fiscal Year 2019, charted out monthly and on a year-over-year basis.
