T OTAL S PENDING IN FY 2010 = $3.5 T RILLION (O UTLAYS IN B ILLIONS OF D OLLARS )

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Presentation transcript:

T OTAL S PENDING IN FY 2010 = $3.5 T RILLION (O UTLAYS IN B ILLIONS OF D OLLARS )

W HAT D RIVES O UR D EBT ? (G OVERNMENT S PENDING AS S HARE OF E CONOMY ) W HAT D RIVES O UR D EBT ? (G OVERNMENT S PENDING AS S HARE OF E CONOMY )

W HO O WNS O UR D EBT ? D EBT H ELD B Y P UBLIC, S OURCE : U.S. D EPARTMENT OF T REASURY

T HE P ATH TO P ROSPERITY Efficient, Effective and Responsible Government Strengthening the Social Safety Net Fulfilling the Mission of Health and Retirement Security for All Americans Pro-Growth Tax Reform

T HE C HOICE ON M EDICARE R EPUBLICAN B UDGET VS O BAMA F RAMEWORK C URRENT S ENIORS F UTURE S ENIORS No Changes Imposes nearly $10,000 cut per senior Uses rationing board for benefit and provider cuts No plan to save Medicare Allows Medicare to go bankrupt in 2020 Personalized Medicare; like Members of Congress Wealthy get less, sick & low income get more support Guaranteed Medicare plan No Disruptions Preserve and Protect P ATH TO P ROSPERITY P RESIDENT ’ S P LAN

W E A RE I N A S PENDING -D RIVEN D EBT C RISIS H ISTORIC /P ROJECTED S PENDING & R EVENUE A S A P ERCENTAGE O F T HE E CONOMY S OURCE : O FFICE OF M ANAGEMENT AND B UDGET H ISTORIC T ABLES, C ONGRESSIONAL B UDGET O FFICE ; PROJECTIONS BASED ON THE CBO’ S A LTERNATIVE F ISCAL S CENARIO.

T AXPAYERS S UPPORTING E ACH S OCIAL S ECURITY R ECIPIENT S OURCE : S OCIAL S ECURITY A DMINISTRATION, T HE 2010 A NNUAL R EPOT OF THE B OARD OF T RUSTEES ; C ENTERS FOR D ISEASE C ONTROL, U.S. L IFE T ABLES RECIPIENT WORKERS L IFE E XPECTANCY