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Following the pattern of previous years, this budget largely relies on very optimistic projections of economic growth and unlikely budget cuts to reduce the deficit.
Medicare and Medicaid account for the majority of federal healthcare spending
https://www.pgpf.org/chart-archive/0169_federal_health_spending_composition
Social Security and major health programs account for over three-quarters of mandatory spending.
The latest report from the non-partisan Congressional Budget Office (CBO) reiterates that the federal budget is on an unsustainable trajectory.
CBO projects that interest rates will rise from current levels.
https://www.pgpf.org/chart-archive/0269_interest_rates_projected_to_rise
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
Over one-third of American children are covered by Medicaid or the Children's Health Insurance Program (CHIP).
https://www.pgpf.org/chart-archive/0097_children_medicaid_chip
Medicare covers more than 40 percent of the nation's home health care bills and more than 20 percent of most other health services.
https://www.pgpf.org/chart-archive/0092_medicare_share_costs
Medicaid finances about one-third of all home health and nursing home care spending in the United States.
https://www.pgpf.org/chart-archive/0095_medicaid_home_health