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The Budget and Economic Outlook: 2016 to 2026 [i] (January 2016)

handle is hein.congrec/cbo2717 and id is 1 raw text is: CONGRESS OF THE UNITED STATES CONGRESSIONAL BUDGET OFFICE CBO Percentage of GDP 100 - Ac 80 60 40 - 20 - 0 1966 1971 1976 1981 1986 1991 1996 2001 2006 2011 Spending for Social Security and Medicare increases as the number of people age 65 or older grows. Percentage of the Population 70 - 65 - 60 - 55 50 0 111 1966 1971 1976 1981 1986 1991 1996 2001 2006 2011 In CBO's projections, growing deficits drive up debt over the next decade, as spending rises and revenues remain relatively flat as a share of the economy. 2016 2021 2026 Millions of People 70 Actual Proee 60 50 40 30 20 10 0 1966 1971 1976 1981 1986 1991 1996 2001 2006 2011 2016 2021 2026 Because retiring baby boomers reduce the percentage of the population in the labor force, the economy expands more moderately in later years after growing solidly this year and next. 2016 2021 2026 =MOM

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