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PGPF Solutions Initiative plans from five think tanks show declining federal debt through 2037.
PGPF Solutions Initiative III plans from five think tanks show declining federal debt through 2039.
U.S. dependency on foreign lenders to finance the public debt has risen sharply.
Growth in Social Security, Medicare, and Medicaid have accounted for most of the increases in government spending since the 1960s.
The United States spends more on defense than the next seven countries combined.
Compensation and medical care make up more than 40 percent of the defense budget.
Spending on foreign affairs accounts for slightly more than 1% of total federal spending.
Nondefense discretionary spending includes many programs that could promote future economic growth.
Waiting to act raises the cost of stabilizing the debt.