Publicly Held Debt Set to Skyrocket
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).
To view the interactive version of this chart, please update your browser to its most current version or switch to an alternate browser.
PUBLIC DEBT AS A PERCENTAGE OF GDP
Sources: Congressional Budget Office and Office of Management and Budget.