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Blog Posts on federal budget
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Monday, May 20, 2013 - 2:37 PMFor those inclined to look beyond the sharp drop in the deficit this year, as we should, the budget update released by the Congressional Budget Office (CBO) on May 14 has some striking indications of things to come. Not surprisingly, these indications tell us that the most powerful factors in the current budget dynamic are aging, health care... Read More
Federal Budget Growth
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This bar chart shows how the federal budget will grow and change over the next twenty years. As a percentage of GDP, the largest source of growth will be the rising interest on the U.S. national debt.
Congressional Budget Office, June 2012
About the Issue
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The federal budget is an expression of our country's values. Where we choose to spend and at what levels, how and who we tax, and the borrowing we...