Graph of the Day for January 31, 2010

By Randall Hoven

"Our nation is barrelling down a path of uncontrolled Federal Government spending, unsustainable entitlement growth, and crushing levels of taxes and debt. If we resign ourselves to this, our health and retirement security programs will grow themselves into extinction... America needs an alternative. For that reason, I am re-introducing ‘A Roadmap for America's Future' - updated to reflect the dramatic decline in our economic and fiscal condition since its introduction in 2008..."

Paul Ryan (R-WI)

US Federal Debt, With and Without Republican Plan

Source: Congressional Budget Office.

Hoven's Index for January 31, 2010

Federal spending (excluding interest) and deficit projections under the CBO's "alternate scenario" in 2020, 2040, 2060 and 2080, as percentage of GDP.

Spending: 22.1%, 27.3%, 30.4%, 34.4%.

Deficits: 7.4%, 17.2%, 28.0%, 42.8%.

Same projections under the Republican plan.

Spending: 19.0%, 19.3%, 16.1%, 13.8%..

Deficits: 3.7%, 4.5%, 0.5%, surplus of 5%.

Source: Congressional Budget Office.

Graph of the Day Archive.