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The U.S. has historically devoted a larger share of its economy to defense than other members of the G-7.
Medicare spending is projected to rise rapidly.
Medicaid provides health insurance to low-income Americans. Children make up nearly half of the program’s enrollment, but most spending is directed towards the elderly and disabled.
Compensation and medical care make up about 40 percent of the defense budget.
Medicare's Hospital Insurance trust fund will be depleted in 2026.
General revenue — not the Medicare payroll tax — is now the largest source of Medicare’s financing.
Transfers from programs like Medicaid, CHIP, and SNAP represent an increasing share of income for low to middle income groups.
By the Numbers: 2021 Trustees Reports.
Federal outlays for highways and mass transit are projected to continue outstripping the revenues that finance them.