
Discretionary Spending as Share of GDP, 1970–2050
Discretionary spending is projected to stay below its historical share of GDP.
https://www.pgpf.org/chart-archive/0177_discretionary_low_levels
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Discretionary spending is projected to stay below its historical share of GDP.
https://www.pgpf.org/chart-archive/0177_discretionary_low_levels
Defense spending is projected to stay below its historical share of GDP.
Transfers from programs like Medicaid, CHIP, and SNAP represent an increasing share of income for low to middle income groups.
https://www.pgpf.org/chart-archive/0234_transfer_programs_share_income
Despite the increased federal deficit, the expansion of safety net programs have led to generally effective stimulus of the economy. Learn more in our analysis of several programs including Unemployment Insurance, SNAP, and Medicaid.
Spending on children is shrinking as a percent of GDP.
https://www.pgpf.org/blog/2020/10/how-much-government-spending-goes-to-children
The growing debt is caused by a structural mismatch between spending and revenues.
The national debt is on an unsustainable path.
https://www.pgpf.org/chart-archive/0202_federal-debt-proj-since-1930
The coronavirus (COVID-19) pandemic has caused federal spending on Medicaid to rise sharply as millions of Americans seek benefits under the program.
https://www.pgpf.org/blog/2020/09/spending-on-medicaid-spiked-due-to-the-coronavirus-pandemic
Waiting to act raises the cost of stabilizing the debt.