Debt to Grow Unless Government Spending Is Reduced
Without significant spending reforms, publicly held debt is projected to reach 187 percent of GDP by 2035. Under the Heritage plan, Saving the American Dream, future federal spending would be reduced by about half, which would dramatically lower the debt to 29 percent of GDP.
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PERCENTAGE OF GDP
Sources: Current projections: Congressional Budget Office (Alternative Fiscal Scenario). Heritage Plan: Calculations by the Center for Data Analysis based on data provided by the Peter G. Peterson Foundation. For more information, go to savingthedream.org.