This is my chart of Projected Government Spending through 2040. I am just taking the GDP I developed in a prior step and then using the same percentages that CBO does. I see a couple of weird dips, like in 2029, spending is supposed to drop from 20.3% of GDP to 19.9% of GDP - why is that? Also, it drops from 20.7% in 2033 to 20.3% in 2034 to 20.0% in 2035. If anything, I would expect it to increase because that is around the time that the Social Security trust fund will run out.
Note that this does not include interest on the national debt, and so this does not show the total projected deficits. In 2024, the actual spending, excluding interest, was $5.802 trillion, and interest was $950 billion, for total spending of $6.752 trillion.
Another thing, I don't know why the CBO projects these to the nearest billion, to make them seem more precise than they are.
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