Phronesis Insights - Charts and Graphics

Components funding Social Security and Social Security Benefits as a percentage of GDP: 1962 - 2033

Historic OASDI Tax Rates for Individuals, Employers, Self-Employed; & Maximum Taxable Wage Income: 1937 - 2024

Historic & Projected Federal Deficits and Public Debt as a Percentage of GDP.

Interest Spending is now eclipsing spending on defense and non-defense discretionary spending.

Historic & Projected Federal Deficits and Public Debt as a Percentage of GDP.

Federal revenue remains above its 60-year average as a percent of the economy at 18.3%, yet deficits and debt continue to grow. Between 1970 and 2053 in CBO's Long-Term Budget Outlook, the federal government will only have run a surplus in the 4-years following the 1997 tax cut. In just 10 years (FY2033), a 100% cut in defense and non-defense discretionary spending would still require a half-trill