Ten Years of Debt Drivers

Ten Years of Debt Drivers Year-by-Year Cumulative Changes in CBO Debt Projections by Specific Policies and Drivers Publicly-Held Federal Debt $10.2 trillion Actual Debt 2011 $10 $726B Interest Due to Spending Hiikes 1,331 Other Non-Defense Spending debt 663 Other Defense Spending 37 2010 Tax Act 488 Recovery Act 16 TARP 272 Medicare Part D $8 Spending Hikes $4.9 trillion 1,262 Operations in Iraq & Afghanistan 39% $6 Actual Debt 118 2001/2003 Tax Cuts 2000-2011 660 Interest Due to Tax Cuts 688 Other Tax Cuts $4 Tax Cuts 354 2010 Tax Act $3.5 trillion 238 Recovery Act 1,584 2001/2003 Tax Cuts 28% CBO Projections January 2001 Technical, Economic, & Other surplus 1 3,426 Technical & Economic, Revenue Adjustments $4.1 trillion 33% -$2.3 trillion Projected Debt 2011 (CBO, January 2001) Technical & Economic, 26 All Other Adjustments 624 Other Means of Financing Shift over 10 years $12.5 trillion 2000 2005 2011 SOURCE: Pew analysis of Congressional Budget Office (2001-2011) data. PEW NOTES: See chart 1 in the notes section of 10 Essential Fiscal Charts at pewtrusts.org