Without Entitlement Reform, Federal Spending Will Exceed 40 Percent of the Economy by 2050

The major entitlements— Medicare, Medicaid, the Obamacare subsidies, and Social Security—are pushing spending to unsustainable levels. These programs must be restructured to prevent crippling debt or tax burdens on future generations.

PERCENTAGE OF GDP

Without Entitlement Reform, Federal Spending Will Exceed 40 Percent of the Economy by 2050

Source: Congressional Budget Office (Alternative Fiscal Scenario).

Entitlement Spending Will Nearly Double by 2050
Tax Revenues Devoured By Medicare, Medicaid, and Social Security in 2045
Medicare Adding to Federal Deficits Faster than Other Government Spending Programs
Social Security Deficits are Permanent and Growing
Without Entitlement Reform, Federal Spending Will Exceed 40 Percent of the Economy by 2050
Discretionary Spending Cuts Alone Will Not Balance the Budget
Even Eliminating Defense Spending Completely Would Not Balance the Budget
Letting Tax Cuts Expire Will Not Balance the Budget
Balancing the Budget Without Cutting Spending Would Cause Taxes to Skyrocket
Hiking Taxes to Balance the Budget Would Require Doubling Tax Rates
Taxing the Wealthy to Balance the Budget Will Not Work
Government Policy Reform Needed to Keep Spending Low and End Deficits Without Raising Taxes

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Without Entitlement Reform, Federal Spending Will Exceed 40 Percent of the Economy by 2050

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