2009 Federal Revenue and Spending Book of Charts

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Social Security Spending Soon to Rise Rapidly

Although Social Security spending has remained relatively constant since the early 1980s, the approaching wave of retiring baby boomers is set to send Social Security spending to levels never before seen.

Social Security Spending as a Percentage of GDP

Social Security
 
 
Source: Congressional Budget Office.

Key Research:
Entitlements

The Long-Term Entitlement Spending and Deficit Problem Could Be Resolved Without Tax Increases



Entitlement Spending Will More Than Double by 2050



Entitlements Alone Will Eclipse Historical Tax Levels by 2052



If Tax Revenue Is Held At Historical Levels, Total Spending Could Reach 67 Percent of GDP



Obama's Budget Ignores Entitlement Crisis



The Ratio of Workers to Social Security Beneficiaries Is Declining



Repealing Tax Cuts and Not Fixing AMT Won't Balance the Budget



Social Security Spending Soon to Rise Rapidly



Tax Rates Would Need to More Than Double If Entitlements Are Not Reformed