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Entitlement Spending Will Devour All Tax Revenues by 2048

Created on October 16, 2012

Entitlement Spending Will Devour All Tax Revenues by 2048

Federal Spending by the Numbers 2012

heritage.org

Tax Revenue, Historical Average (1959–2008): 18.1%

Medicaid, CHIP, Obamacare

Medicare

Social Security

Percentage of GDP

Source: Congressional Budget Office, 2012 Long-Term Budget Outlook, Alternative Fiscal Scenario, June 5, 2012, http://www.cbo.gov/publication/43288 (accessed June 5, 2012).