
U.S. Defense Spending Relative to the G7
The U.S. has historically devoted a larger share of its economy to defense than other members of the G-7.
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The U.S. has historically devoted a larger share of its economy to defense than other members of the G-7.
Federal debt would grow rapidly if current policies were continued.
https://www.pgpf.org/chart-archive/0300_debt_current_policies
SNAP spending increased during the Great Recession, but is projected to decline below historical levels.
Federal taxes and transfers can help reduce disparities in income.
https://www.pgpf.org/chart-archive/0233_taxes-reduce-disparities
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
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
The share of total pre-tax income has sharply increased for the wealthy, but decreased for low-income households.
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