0
A<br />History of Budget DeficitsSince 1989<br />Budget Deficits/Surpluses in Billions<br />Bush I<br />Bush II<br />Clint...
B<br />Debt Held by the Public Nearly Doubled under Bush Administration<br />$6.3 Trillion<br />$3.4 Trillion<br />Source:...
Latest CBO Estimates Confirm Troubling Fiscal Picture<br />C<br />% of GDP<br />
D<br />Projected Deficits Lead to an Ever Rising Public Debt<br />% of GDP<br />
E<br />Debt Held by the Public Is Projected to Reach Levels Not Seen Since World War II<br />% of GDP<br />Estimates<br />
Net Interest Expenditure Reaches 16.7% of Federal Spending by 2019<br />F<br />Percent of Federal Spending<br />Based on R...
Even Very Strong Economic Growth Not Sufficient to Return to Balance in 2019<br />G<br />Billions of Nominal Dollars<br />...
H<br />Under Current Policies Debt Will Reach Almost 300% of GDP by2050<br />Debt as a Share of GDP, 1940-2050<br />CBPPPr...
Big 3 Programs Plus Net Interest Would Consume All Federal Revenue by 2050<br />I<br />Program Spending and Revenues as a ...
J<br />Growth in Health Care Spending Almost Triples Over 40 Years<br />Program Spending as a Share of GDP<br />
K<br />Tax revenues among Organization for Economic Co-operation and Development Countries<br />
Upcoming SlideShare
Loading in...5
×

01.06.2009 Tom Presentation

411

Published on

Published in: Business, Economy & Finance
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
411
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Transcript of "01.06.2009 Tom Presentation"

  1. 1. A<br />History of Budget DeficitsSince 1989<br />Budget Deficits/Surpluses in Billions<br />Bush I<br />Bush II<br />Clinton<br />11/01/2009<br />
  2. 2. B<br />Debt Held by the Public Nearly Doubled under Bush Administration<br />$6.3 Trillion<br />$3.4 Trillion<br />Source: U.S. Treasury<br />01/06/2009<br />
  3. 3. Latest CBO Estimates Confirm Troubling Fiscal Picture<br />C<br />% of GDP<br />
  4. 4. D<br />Projected Deficits Lead to an Ever Rising Public Debt<br />% of GDP<br />
  5. 5. E<br />Debt Held by the Public Is Projected to Reach Levels Not Seen Since World War II<br />% of GDP<br />Estimates<br />
  6. 6. Net Interest Expenditure Reaches 16.7% of Federal Spending by 2019<br />F<br />Percent of Federal Spending<br />Based on Realistic Scenario<br />
  7. 7. Even Very Strong Economic Growth Not Sufficient to Return to Balance in 2019<br />G<br />Billions of Nominal Dollars<br />Amount of Deficit Reduction Needed to Reach Balance in 2019<br />Deficit Reduction From Alternative Economic Growth Paths<br />Note: These are GDP growth scenarios. &quot;CBO + 0.5%&quot; means the real GDP growth CBO has forecasted, plus an added 0.5 percent of real GDP growth in each year after 2013. &quot;Clinton Era&quot; is real GDP growth of 3.7 percent per year over 2010-19; &quot;Reagan Era&quot; is 3.4% real GDP growth per year while &quot;Bush Era&quot; (&apos;01-&apos;06 average only) is 2.4% real growth per year. Scenarios of +2.0% or more additional real growth each year are considered highly unlikely, however.<br />
  8. 8. H<br />Under Current Policies Debt Will Reach Almost 300% of GDP by2050<br />Debt as a Share of GDP, 1940-2050<br />CBPPProjections<br />Actual<br />Source: CBPP Projections based on CBO Data<br />
  9. 9. Big 3 Programs Plus Net Interest Would Consume All Federal Revenue by 2050<br />I<br />Program Spending and Revenues as a Share of GDP<br />All Other Spending<br />Revenues<br />Net Interest<br />Medicaid<br />Medicare<br />Social Security<br />Source: CBO The Long-Term Budget Outlook, June 2009<br />
  10. 10. J<br />Growth in Health Care Spending Almost Triples Over 40 Years<br />Program Spending as a Share of GDP<br />
  11. 11. K<br />Tax revenues among Organization for Economic Co-operation and Development Countries<br />
  1. A particular slide catching your eye?

    Clipping is a handy way to collect important slides you want to go back to later.

×