Federal Budget in Pictures

Publicly Held Debt Set to Skyrocket

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Runaway spending, especially on Medicare, Medicaid, and Social Security, will drive federal debt to unsustainable levels. Total national debt includes publicly held debtâ€or debt borrowed in credit marketsâ€and debt that one part of the government owes to another. Including intragovernmental debt, the national debt already exceeds the size of the nation's economic product (GDP).

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PUBLIC DEBT AS A PERCENTAGE OF GDP

Publicly Held Debt Set to Skyrocket

Sources: Congressional Budget Office and Office of Management and Budget.