Federal Budget in Pictures

Publicly Held Debt Set to Skyrocket

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Runaway spending on Medicare, Medicaid, and Social Security will drive federal debt to unsustainable levels over the next few decades. Total national debt comprises publicly held debt (the most relevant to credit markets) and debt that one part of the government owes to another, such as the Social Security Trust Fund.

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PUBLIC DEBT AS A PERCENTAGE OF GDP

Publicly Held Debt Set to Skyrocket

Source: Congressional Budget Office.