Entitlement Spending Will Devour All Tax Revenues by 2048
Created on October 16, 2012
Federal Spending by the Numbers 2012
Tax Revenue, Historical Average (1959–2008): 18.1%
Medicaid, CHIP, Obamacare
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).