Year

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021

$
$
$
$
$
$
$
$
$
$

Retiree Benefits Paid

2,000,000,000,000.00
2,150,380,000,000.00
2,300,760,000,000.00
2,451,140,000,000.00
2,601,520,000,000.00
2,751,900,000,000.00
2,902,280,000,000.00
3,052,660,000,000.00
3,203,040,000,000.00
3,353,420,000,000.00

$
$
$
$
$
$
$
$
$
$

Interest Rate
16,000,000,000,000.00
18,083,250,000,000.00
20,445,313,725,000.00
23,103,174,714,187.50
26,074,854,924,003.30
29,379,477,506,527.20
33,037,333,335,268.10
37,069,951,499,711.00
41,500,174,002,947.30
46,352,234,910,442.00

2022

2023
2024
2025
2026
2027
2028
2029
2030
2031

$
$
$
$
$
$
$
$
$

3,503,800,000,000.00

51,651,844,212,518.80

3,654,180,000,000.00
3,804,560,000,000.00
3,954,940,000,000.00
4,105,320,000,000.00
4,255,700,000,000.00
4,406,080,000,000.00
4,556,460,000,000.00
4,706,840,000,000.00
4,857,220,000,000.00

$
$
$
$
$
$
$
$
$

57,426,276,678,520.00
63,704,465,996,865.10
70,517,104,512,450.80
77,896,748,891,052.30
85,877,932,059,666.30
94,497,281,792,135.30
103,793,646,330,981.00
113,808,227,459,221.00
124,584,721,460,107.00

Stimulus Spending Contributor

Interest on Incremental Debt Exceeds GDP Benefit

5.75%
$
$
$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$
$
$

18,083,250,000,000.00
20,445,313,725,000.00
23,103,174,714,187.50
26,074,854,924,003.30
29,379,477,506,527.20
33,037,333,335,268.10
37,069,951,499,711.00
41,500,174,002,947.30
46,352,234,910,442.00
51,651,844,212,518.80

$
$
$
$
$
$
$
$
$
$

57,426,276,678,520.00 $
63,704,465,996,865.10
70,517,104,512,450.80
77,896,748,891,052.30
85,877,932,059,666.30
94,497,281,792,135.30
103,793,646,330,981.00
113,808,227,459,221.00
124,584,721,460,107.00
136,169,468,428,305.00

GDP Contributor
50%
49%
48%
47%
46%
45%
44%
43%
42%
41%
40%
39%
38%
37%
36%
35%
34%
33%
32%
31%

$
$
$
$
$
$
$
$
$

Taxes Paid @ 15% of GDP

2,400,000,000,000.00
2,460,000,000,000.00
2,521,500,000,000.00
2,584,537,500,000.00
2,649,150,937,500.00
2,715,379,710,937.50
2,783,264,203,710.94
2,852,845,808,803.71
2,924,166,954,023.80
2,997,271,127,874.40

Government Spending @ 4% Growth

$
1,500,000,000,000.00
$
1,560,000,000,000.00
$
1,622,400,000,000.00
$
1,687,296,000,000.00
$
1,754,787,840,000.00
$
1,824,979,353,600.00
$
1,897,978,527,744.00
$
1,973,897,668,853.76
$
2,052,853,575,607.91
$
2,134,967,718,632.23

3,072,202,906,071.26 $
3,149,007,978,723.04
3,227,733,178,191.11
3,308,426,507,645.89
3,391,137,170,337.04
3,475,915,599,595.46
3,562,813,489,585.35
3,651,883,826,824.98
3,743,180,922,495.61
3,836,760,445,558.00

Nominal Value
550,000,000,000.00
612,686,200,000.00
672,796,800,000.00
730,332,295,000.00
785,292,175,150.00
837,674,839,198.13
887,477,502,574.55
934,696,099,821.52
979,325,181,065.33
1,021,357,802,210.71
1,060,785,408,522.50
1,097,597,711,242.34
1,131,782,556,870.96
1,163,325,788,728.29
1,192,211,100,384.18
1,218,419,880,532.72
1,241,931,048,861.85
1,262,720,882,448.11
1,280,762,832,183.10
1,296,027,328,714.08

$
$
$
$
$
$
$
$
$

2,220,366,427,377.52
2,309,181,084,472.62
2,401,548,327,851.52
2,497,610,260,965.58
2,597,514,671,404.21
2,701,415,258,260.37
2,809,471,868,590.79
2,921,850,743,334.42
3,038,724,773,067.80
3,160,273,763,990.51

Year
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031

$
$
$
$
$
$
$
$
$
$

Deficit
(1,100,000,000,000.00)
(1,250,380,000,000.00)
(1,401,660,000,000.00)
(1,553,898,500,000.00)
(1,707,156,902,500.00)
(1,861,499,642,662.50)
(2,016,994,324,033.06)
(2,173,711,860,050.05)
(2,331,726,621,584.11)
(2,491,116,590,757.83)

$
$
$
$
$
$
$
$
$
$

GDP @ 2.5% Growth

16,000,000,000,000.00
16,400,000,000,000.00
16,810,000,000,000.00
17,230,250,000,000.00
17,661,006,250,000.00
18,102,531,406,250.00
18,555,094,691,406.20
19,018,972,058,691.40
19,494,446,360,158.70
19,981,807,519,162.60

(2,651,963,521,306.26) $

20,481,352,707,141.70

$
$
$
$
$
$
$
$
$

(2,814,353,105,749.58)
(2,978,375,149,660.41)
(3,144,123,753,319.69)
(3,311,697,501,067.17)
(3,481,199,658,664.91)
(3,652,738,379,005.44)
(3,826,426,916,509.44)
(4,002,383,850,572.19)
(4,180,733,318,432.51)

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

Incremental Government Revenue

82,500,000,000.00
91,902,930,000.00
100,919,520,000.00
109,549,844,250.00
117,793,826,272.50
125,651,225,879.72
133,121,625,386.18
140,204,414,973.23
146,898,777,159.80
153,203,670,331.61
159,117,811,278.38
164,639,656,686.35
169,767,383,530.64
174,498,868,309.24
178,831,665,057.63
182,762,982,079.91
186,289,657,329.28
189,408,132,367.22
192,114,424,827.47
194,404,099,307.11

$
$
$
$
$
$
$
$
$

20,993,386,524,820.20
21,518,221,187,940.80
22,056,176,717,639.30
22,607,581,135,580.20
23,172,770,663,969.80
23,752,089,930,569.00
24,345,892,178,833.20
24,954,539,483,304.00
25,578,402,970,386.60

Marginal GDP Benefit

3.438%
3.736%
4.002%
4.239%
4.446%
4.627%
4.783%
4.915%
5.024%
5.111%
5.179%
5.228%
5.260%
5.274%
5.274%
5.258%
5.229%
5.187%
5.132%
5.067%

Population @ 2% Growth
$
320,000,000.00
$
326,400,000.00
$
332,928,000.00
$
339,586,560.00
$
346,378,291.20
$
353,305,857.02
$
360,371,974.16
$
367,579,413.65
$
374,931,001.92
$
382,429,621.96

Taxes Per Capita

$
7,500.00
$
7,536.76
$
7,573.71
$
7,610.84
$
7,648.14
$
7,685.63
$
7,723.31
$
7,761.17
$
7,799.21
$
7,837.44

390,078,214.40 $

$
$
$
$
$
$
$
$
$

397,879,778.69
405,837,374.26
413,954,121.75
422,233,204.18
430,677,868.26
439,291,425.63
448,077,254.14
457,038,799.22
466,179,575.21

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

Inc. Interest Expense

(63,250,000,000.00)
(71,896,850,000.00)
(80,595,450,000.00)
(89,349,163,750.00)
(98,161,521,893.75)
(107,036,229,453.09)
(115,977,173,631.90)
(124,988,431,952.88)
(134,074,280,741.09)
(143,239,203,968.58)
(152,487,902,475.11)
(161,825,303,580.60)
(171,256,571,105.47)
(180,787,115,815.88)
(190,422,606,311.36)
(200,168,980,373.23)
(210,032,456,792.81)
(220,019,547,699.29)
(230,137,071,407.90)
(240,392,165,809.87)

$
$
$
$
$
$
$
$
$

7,875.86
7,914.47
7,953.27
7,992.25
8,031.43
8,070.80
8,110.36
8,150.12
8,190.07
8,230.22

Debt/GDP
113%

125%
137%
151%
166%
183%
200%
218%
238%
258%
280%
303%
328%
353%
380%
408%
437%
467%
499%
532%

Deficit % GDP
7%
8%
8%
9%
10%
10%
11%
11%
12%
12%

13%
13%
14%
14%
15%
15%
15%
16%
16%
16%