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 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.