Spending and Revenues

28%

(% of GDP)

24.1%
in 2011

26%

Total Outlays

24%
22%

$1.4 T
Deficit

20%
18%

Total Revenues

16%

14.8%
in 2011

14%
12%
1950
1950

1959

1959

Sources: OMB, CBO

1968

1968

1977

1977

1986

1986

1995

1995

2004

2004

2010

2011

Deficit as Percent of GDP Under

Bipartisan Group Plan
(% of GDP)

12%

10% 9.3%
8%

6.7%
6%

4.4%
4%

3 0%
3.0%

2.8%
8%
2.6% 2
2.3% 2.0% 2.1% 2.0%
1.9%

2014

2015

2%

0%
2011

2012

2013

2016

2017

2018

2019

2020

2021

Debt as Percent of GDP Under

p
Group
p Plan
Bipartisan
(% of
of GDP)
GDP)
(%

101%

CBO Alternative
Fiscal Scenario

100%

75%
69%
71%

Bipartisan
Group Plan
50%
36%

25%
2007

2009

Publicly-held debt.
PubliclyNote: Publicly-held

2011

2013

2015

2017

2019

2021

Comparison of Deficit
Reduction
Plans
R
d ti Pl
Fiscal
Commission

Bipartisan
Group Plan

Compared to Regular
Regular
plausible baseline

$3.8
$3
8T

$3
3.73
$3.73
$3
73 T

Compared
C
d to
t Fi
Fiscall Commission
C
i i
plausible baseline

$4.7
$4
7T

$4
4.65
$4.65
$4
65 T

2012-2021
2012Deficit Reduction over 2012-2021

Note: Excludes Social Security savings. Fiscal Commission savings reflects revised estimate by the Moment of Truth Project.