1947 1955 1963 1971 1979 1987 1995 2003 2011 2019 2027 2035 2043 2051 2059 2067 2075 208310%

20%

30%

40%

50%

60%

70%

80%

Spending Tax Revenue

SOURCE: OMB/CBO

WE ARE IN A SPENDING-DRIVEN DEBT CRISIS (AS A SHARE OF ECONOMY)

FIGURE 8

A CHOICE OF TWO FUTURES(DEBT AS A SHARE OF ECONOMY)

1940 1948 1956 1964 1972 1980 1988 1996 2004 2012 2020 2028 2036 2044 2052 2060 2068 2076%

100%

200%

300%

400%

500%

600%

700%

800%

900%

CURRENT PATH

SOURCE: OMB/CBO

PATH TO PROSPER-

ITY

FIGURE 14

HEALTH CARE COSTS ARE THE PRIMARY DRIVER OF THE DEBT

(GOVERNMENT SPENDING AS A SHARE OF ECONOMY)

20112013

20152017

20192021

20232025

20272029

20312033

20352037

20392041

20432045

20472049

20510%

2%

4%

6%

8%

10%

12%

14%

SOURCE: CBO

HEALTH CARE SPEND-ING

SOCIAL SECU-RITY

DISCRETIONARY SPENDING

OTHER MANDATORY PROGRAMS

FIGURE 4

bottom 20% second middle fourth top 20% top 1%$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

SOURCE: IRS/TAX POLICY CENTER

WHO BENEFITS FROM TAX LOOPHOLESAVERAGE PER PERSON BENEFIT BY CATEGORY OF EARNERS

CHART 8FIGURE 6

A CHOICE OF TWO FUTURES(DEBT AS A SHARE OF ECONOMY)

1940 1948 1956 1964 1972 1980 1988 1996 2004 2012 2020 2028 2036 2044 2052 2060 2068 2076%

100%

200%

300%

400%

500%

600%

700%

800%

900%

CURRENT PATH

SOURCE: OMB/CBO

PATH TO PROSPER-

ITY

FIGURE 14