Unsustainable Budget Deficits

Excessive government spending, especially on autopilot (mandatory) programs, will continue to increase budget deficits if left unchecked. By 2051, the federal budget deficit is projected to be 13.3 percent of GDP. That is over four times the 50-year average, and would represent one-sixth of the economy. Lawmakers must cut spending and pursue structural budget reforms to control these deficits.

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Updated June 30, 2021

Source: Congressional Budget Office

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