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The President's Budget Would Sharply Increase the Publicly Held National Debt and Raise Interest Costs of the National Debt

Created on March 10, 2011

The President's Budget Would Sharply Increase the Publicly Held National Debt and Raise Interest Costs of the National Debt

The President’s Budget Would Sharply Increase the Publicly Held National Debt and Raise the Interest Costs of the National Debt

 

1990: $308 billion

2011: $207 billion

1990: $308 billion

2011: $207 billion

In Billions of Inflation-Adjusted Dollars

2020

2015

2010

2005

2000

1995

1990

Projected

2021: $699 billion

In Trillions of Inflation-Adjusted Dollars

 

Chart 2 •  B 2529

heritage.org

Projected

1990: $4.0 trillion

2021: $15.7 trillion

2008: $6.0 trillion

Sources: Council of Economic Advisers, Economic Report of the President (Washington, D.C.: U.S. Government Printing Office, 2010), p. 423, Table B-78;

U.S. Office of Management and Budget, Budget of the U.S. Government, Fiscal Year 2012 (Washington, D.C.: U.S. Government Printing Office, 2011), pp. 171 and 176;U.S. Office of Management and Budget, Budget of the U.S. Government, Fiscal Year 2012: Historical Tables (Washington, D.C.: U.S. Government Printing Office, 2011), p. 145.  All figures have been adjusted for inflation into 2011 dollars.