2013 Budget – Where We’ve Been, Where We’re Going

*post sequester
Source: CBO historical data and FY 2013 baseline projections

Spending, Revenue, and Deficits, FY 2007 - 2013

The Status Quo is Not an Option

Even Skyrocketing Revenue Can’t Close Spending Gap

As the Associated Press reported on March 12, 2013 “barring a major fix by the president and Congress, the government's finances will start to worsen again as the three major entitlement programs — Social Security, Medicare and Medicaid — become more and more expensive and unmanageable under the increasing weight of retiring baby boomers.”