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Entitlements Driving Washington to Trillion-Dollar Deficits | Economics21

A decade from now, rising entitlement spending and interest on the national debt will consume 99 percent of tax revenues – forcing virtually the entire discretionary spending budget to be financed on the nation’s credit card.

CBO warns: 'Trajectory's all wrong' on the national debt | Washington Examiner

"The big growth in the deficit is from Social Security and spending on major healthcare programs," he said. "Those are the two big-ticket items that are creating this problem going forward."

Welcome to the Era of Ever-Increasing Deficits | U.S. Chamber of Commerce

Outlays rise from 20.7% in 2015 to 23.1% in 2026, well above historical averages. Among the three components of government outlays, net interest and mandatory spending account for most of this increase. Discretionary spending only rises from $1.2 trillion to $1.4 trillion over the forecast horizon. As a share of GDP discretionary spending is projected to decline from 6.5% in 2015 to only 5.0% in 2026.