PrintMay 20, 2010
Graph of the Day for May 20, 2010
"The United States faces a fundamental disconnect between the services that people expect the government to provide, particularly in the form of benefits for older Americans, and the tax revenues that people are willing to send to the government to finance those services." Congressional Budget Office.
"Today's concerns may soon become tomorrow's existential crises... The time we have is growing short... there are serious questions, most immediately about the sustainability of our commitment to growing entitlement programs." Paul Volcker.
"All amounts assume a full economic recovery; all projections may be optimistic." Robert Samuelson.
Source: CBO.
Hoven's Index for May 20, 2010
Federal spending in "other" category (% of total federal spending in 2020):
International Affairs, Justice, Natural Resources, Environment and Science: 8%
Income security (unemployment, tax credits, nutrition assistance): 5%
Civilian and military retirement and veterans benefits: 4%
Health (CHIP, research, public health): 2%
Education, Training, Employment, Social Services: 2%
Transportation: 2%
Total "other": 23%
Source: CBO.
Graph of the Day Archive.
