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Along with creating the non-partisan Congressional Budget Office and the House and Senate budget committees, this important piece of legislation established the federal budget process still in use today.
https://www.pgpf.org/blog/qa-40th-anniversary-congressional-budget-act
A look at the Congressional Budget and Impoundment Control Act of 1974, on the 40th anniversary of its passage.
https://www.pgpf.org/analysis/q-and-a-congressional-budget-and-impoundment-control-act-of-1974
The nonpartisan CBO projects that the federal debt would reach 183% of GDP within 25 years.
https://www.pgpf.org/analysis/congressional-budget-offices-2014-long-term-budget-outlook
Medicare is a large share of the budget, and it is projected to grow.
https://www.pgpf.org/analysis/urgent-action-needed-to-shore-up-medicare-program