The U.S. has historically devoted a larger share of its economy to defense than other members of the G-7.
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Compensation and medical care make up about 40 percent of the defense budget.
By the Numbers: 2021 Trustees Reports.
Increasing the debt limit allows the Treasury to borrow funds to pay for government obligations that have already been incurred as the result of laws and budgets approved by the President and Congress.
The PGPF chart pack illustrates that budget-making involves many competing priorities, limited resources, and complex issues.
The national debt has risen dramatically over the past year.
The growing debt is caused by a structural mismatch between spending and revenues.
The federal deficit is projected to decline in 2021, but is expected to remain high over the next decade
National security is both a vital priority and a significant part of the federal budget.
The United States spends more on defense than the next 11 countries combined.