
Federal Debt: 1791-2019
Debt rises and falls with wars and changes in the economy. Debt is currently higher than it has been at any point since 1948.
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Debt rises and falls with wars and changes in the economy. Debt is currently higher than it has been at any point since 1948.
Prior to the Great Depression deficits were unusual in the U.S. Budget. Surpluses occurred in about two-thirds of the years between 1809 to 1929.
https://www.pgpf.org/chart-archive/0023_federal-deficit-surplus
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
The United States is in a more precarious fiscal position than it was at the onset of the last six recessions.
https://www.pgpf.org/chart-archive/0309_precarious_fiscal_position
The United States is on pace to lead the world in debt increase as a percentage of GDP.
https://www.pgpf.org/chart-archive/0310_us_lead_world_debt_increase
As a share of GDP, the U.S. corporate income tax revenue is the lowest among G7 countries.
The top 1 percent of taxpayers receive 28 percent of the benefit from individual income tax expenditures.
A strong fiscal outlook is an essential foundation for a growing, thriving economy.
https://www.pgpf.org/infographic/infographic-how-does-the-national-debt-affect-the-economy
The growing federal debt could reduce family incomes substantially.
https://www.pgpf.org/Chart-Archive/0203_federal-debt-affects-income