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Choosing the Nation’s Fiscal Future
TABLE B-2 The Study’s Long-Term Baseline by Fiscal Years, as Percentages of GDP (1965 through 2005 are actual)
Selected Years
Revenues
Social Security
Medicarea
Other Noninterest Spending
Net Interest
Total Outlays
Surplus (+) or Deficit (−)
Debt Held By Public
1965
17.0
2.5
0.0
13.4
1.3
17.2
−0.2
38.0
1970
19.0
2.9
0.8
14.1
1.4
19.3
−0.3
28.0
1975
17.9
4.1
1.2
14.5
1.5
21.3
−3.4
25.3
1980
19.0
4.3
1.6
13.8
1.9
21.7
−2.7
26.1
1985
17.7
4.5
2.1
13.1
3.1
22.8
−5.1
36.3
1990
18.0
4.3
2.4
11.9
3.2
21.8
−3.9
42.0
1995
18.5
4.5
3.4
9.6
3.2
20.7
−2.2
49.2
2000
20.9
4.2
3.2
8.7
2.3
18.4
2.4
35.1
2005
17.6
4.2
3.9
10.6
1.5
20.2
−2.6
37.5
2010
16.0
4.8
5.1
13.5
1.2
24.5
−8.5
60.9
2015
18.3
4.8
5.4
9.3
2.8
22.3
−4.0
70.4
2020
18.3
5.3
6.4
8.5
3.6
23.8
−5.5
78.8
2025
18.5
5.6
7.4
8.6
3.9
25.6
−7.1
95.0
2030
18.7
6.0
8.7
8.5
4.8
28.1
−9.4
117.6
2035
18.9
6.0
9.9
8.5
6.0
30.4
−11.5
146.5
2040
19.1
5.9
10.9
8.5
7.4
32.8
−13.7
180.2
2045
19.3
5.8
11.8
8.4
9.1
35.1
−15.8
218.2
2050
19.6
5.7
12.6
8.4
10.8
37.5
−17.9
259.2
2055
19.9
5.8
13.4
8.4
12.7
40.2
−20.4
303.8
2060
20.3
5.8
14.2
8.4
14.7
43.1
−22.9
351.7
2065
20.6
5.9
15.1
8.4
17.0
46.3
−25.7
403.4
2070
20.9
6.0
16.0
8.4
19.4
49.7
−28.8
460.4
2075
21.2
6.1
17.0
8.4
21.9
53.4
−32.2
521.5
2080
21.6
6.2
17.9
8.4
24.9
57.4
−35.9
590.5
2083
21.8
6.2
18.4
8.4
26.7
59.7
−38.0
633.8
a
SOURCES: Data from Table B-1 , CBO’s June 2009 long-term budget outlook, and staff calculations.
