The Chart That Every Taxpayer Deserves To See

You may be aware that the Congressional Budget Office (CBO) is due to release its 2013 Long-term Budget Outlook in September. In “Previewing the Bad News That’s Likely to Complicate the Debt Ceiling Battle ,” I offered an early look at what’s sure to be a significant change from the CBO’s 2012 report.

In this post, I’ll add a chart that seems to sum up our fiscal challenges as well as anything else. Like the charts in my earlier article, it’s derived from the CBO’s latest 10-year budget projections[13], last year’s 75-year projections [14], Social Security and Medicare Trustees’ Reports and other sources. Here it is:

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