See Also
What Is the U.S. National Debt Right Now — and Why Is It So High?Who Owns the US National Debt?The Expenditure Multiplier Effect | MacroeconomicsBudget Deficit: Causes, Effects, and Prevention StrategiesIn 2023, major entitlement programs—Social Security, Medicare, Medicaid, Obamacare, and other health care programs—consumed 50 percent of all federal spending. Soon, this spending will be larger than the portion of spending for all other priorities (such as national defense) combined.
Updated March 28, 2024
Source: Office of Management and Budget
