- Introduction
- Contents
- Federal Revenue
- Taxes & Tax Rates
- Federal Spending
- Budget Comparisons
- Projected Spending
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Entitlement Spending Will More Than Double by 2050 |
Pressure from entitlements, fueled by demographic changes and rising heath care costs, will cause federal spending to explode. Medicaid spending will more than double — increasing from 1.5 percent of GDP in 2005 to 3.1 percent in 2050. Medicare spending will more than triple — increasing from 2.7 percent of GDP in 2005 to 8.9 percent in 2050. |
Spending on Social Security, Medicare, and Medicaid as a Percentage of GDP, 2005–2050 |
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Source: Spending from CBO Long-Term Budget Outlook, December 2007 (Extended Baseline scenario). |
