GDP Projections 5 4.5 4.5 4.4 4 3.5 3.4 3.3 3 3 2.5 2.3 2 1.5 1 0.5 0 2011 for 2016 2012 for 2016 2013 for 2016 2014 for 2016 2015 for 2016 2016 for 2016
2011 CBO 10-Year Projected Social Security Trust Fund Balances $Billions 3,500 3,000 2,500 2,000 1,500 1,000 500 - 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
2016 CBO 10-Year Projected Social Security Trust Fund Balances $Billions 3,500 3,000 2,500 2,000 1,500 1,000 500 - 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
CBO Social Security Trust Fund Balance – Regression Projection $Billions 3,500 3,000 2,500 2,000 1,500 1,000 500 0
CBO Disability Insurance Trust Fund Balance With Reforms $Billions 90 80 70 60 50 40 30 20 10 0 2016 2017 2018 2019 2020 2021
Key Dates For Social Security (2015 Trustees Report) OASI DI Year of Peak Trust Fund Ratio 2011 2003 First Year Outgo Exceeds Income 2010 2005 EXCLUDING Interest First Year Outgo Exceeds Income 2022 2009 INCLUDING Interest CBO NOW SAYS 2018!
Medicare Part A Trust Fund Balance $Billions 250 200 150 100 50 0 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026
CBO FY2016 Projected Spending Discretionary Spending: $1.165 Trillion Mandatory 30% Spending: $2.721 Trillion 70%
CBO FY2026 Projected Spending Discretionary Spending: 22% $1.429 Trillion Mandatory 22% Spending: $4.972 Trillion 22% 83% 78%
CBO FY2016 - FY2026 Combined Projected Spending Discretionary Spending: $12.975 Trillion Mandatory 24% Spending: $40.232 Trillion 76%
Mandatory Spending Discretionary Spending Discretionary Spending Ending Sequestration 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 ($Billions) 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
2026 30,000 Total Debt: $29.3 Trillion 2015 Public Debt: $22.4 Trillion Total Debt: $18.1 Trillion 25,000 Public Debt: $12.8 Trillion 20,000 15,000 10,000 5,000 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 ($Billions) Public Debt Total US Debt
CBO Projected FY2016 Spending Non-Defense $609 Billion Social Security 15% $910 Billion 22% Defense $589 Billion 14% Medicare $692 Billion 17% Net Interest, $255 Billion Other Spending 6% $721 Billion 17% Medicaid $381 Billion 9%
CBO Projected FY2026 Spending Non- Defense $710 Billion Social Security Defense 11% $1.62 Trillion $719 Billion 24% 11% Net Interest, $830 Billion 12% Medicare $1.3 Trillion Other 19% Mandatory Spending $943 Billion 14% Medicaid, $642 Billion 9%
OMB Actual 2015 Spending Social Security Medicare Medicaid Welfare and Affordable Care Act Veterans Benefits and Services Net Interest Department of Defense--Military Programs Legislative Branch Judicial Branch Department of Agriculture Department of Commerce Social Security Department of Education $882 Billion Department of Energy Department of Health and Human Services Department of Homeland Security Department of Housing and Urban Development Defense Department of the Interior Department of Justice $560 Billion Department of Labor Department of State Medicare Department of Transportation Department of the Treasury $539 Billion Department of Veterans Affairs Corps of Engineers--Civil Works Net Interest Other Defense Civil Programs $223 Billion Environmental Protection Agency Executive Office of the President International Assistance Programs Welfare and Medicaid National Aeronautics and Space Administration National Science Foundation Obamacare $350 Billion Office of Personnel Management Veterans’ Small Business Administration $350 Billion Social Security Administration (On-Budget) Benefits Social Security Administration (Off-Budget) Other Independent Agencies (On-Budget) $92 Billion Other Independent Agencies (Off-Budget)
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