April 20, 2014

Projected Debt

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This graph depicts historical and projected data regarding the debt held by the public as a percentage of the U.S. Gross Domestic Product. While the debt reached a high of 106% of GDP in 1946, it is projected to exceed that percentage and continue growing to unsustainable levels. 

OMB Historical Tables 2014 and CBO's Long-Term Outlook Alternative Fiscal Scenario 2013



About the Issue

  • The national debt has grown significantly in recent years due to rising annual deficits. A deficit occurs in any year the government spends more...

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