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Medicare's Hospital Insurance trust fund will be depleted in 2026.
Medicare spending is projected to rise rapidly.
U.S. dependency on foreign lenders to finance the public debt has risen sharply.
Mandatory spending accounts for about 60 percent of the budget.
Growth in Social Security, Medicare, and Medicaid have accounted for most of the increases in government spending since the 1960s.
Federal trust funds bear little resemblance to their private-sector counterparts.
Nondefense discretionary spending includes many programs that could promote future economic growth.
There is one cap for national defense and another cap for non-defense programs.
The cost of healthcare in the U.S. was nearly $1.5 trillion in 2018.