Growing Spending Is the Problem

 

FBIP-MAIN-02Federal spending is on an unsustainable trajectory, and is the key driver of growing deficits and debt. Spending is growing faster than the economy. Raising taxes is not a workable solution because taxes cannot grow faster than the economic base in the long run.

Additional Sources:

White House

Download
image
Download
floor chart

Date Produced: May 12, 2016

Source: Congressional Budget Office

Related Charts