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Historically, debt and deficits rose with wars and economic downturns. Today, they rise from factors such as growing healthcare costs and an aging population.
Debt rises and falls with wars and changes in the economy. Debt is currently at its highest level since 1946.
The national debt is on an unsustainable path.
https://www.pgpf.org/chart-archive/0202_federal-debt-proj-since-1930
The PGPF chart pack illustrates that budget-making involves many competing priorities, limited resources, and complex issues.
Spending for the major healthcare programs will continue to climb rapidly over the long term.
https://www.pgpf.org/chart-archive/0281_major_health_spending_to_climb_rapidly
Discretionary spending is projected to remain below its historical average.
https://www.pgpf.org/chart-archive/0185_discretionary_spending
Social Security and major health programs account for over three-quarters of mandatory spending.
Net interest costs on the national debt are projected to rise sharply.