"Alternative Simulation based on CBO's Projections for Social Security, Medicare, and Medicaid" Social Security Medicare (net) "Medicaid, CHIP, and Exchange Subsidies" Net Interest All other spending Revenue Total federal spending Unified surplus/deficit Debt held by the public Real GDP Percentage of GDP Billions of 2005 dollars 2009 4.8 3.0 1.8 1.3 13.9 14.8 24.8 -10.0 53.5 "12,721" 2010 4.8 3.1 1.9 1.4 12.6 14.9 23.8 -8.9 62.1 "13,125" 2011 4.8 3.3 1.9 1.5 12.5 15.4 24.1 -8.7 67.7 "13,263" 2012 5.0 3.2 1.7 1.4 11.9 16.1 23.2 -7.1 72.6 "13,538" 2013 5.1 3.2 1.8 1.5 11.3 16.8 22.9 -6.0 77.6 "13,700" 2014 5.2 3.2 2.2 1.5 10.8 17.5 22.9 -5.4 80.5 "14,073" 2015 5.1 3.2 2.4 1.7 10.3 17.7 22.7 -5.0 81.4 "14,752" 2016 5.1 3.3 2.5 2.0 9.9 17.8 22.8 -5.1 82.3 "15,414" 2017 5.1 3.3 2.6 2.4 9.3 18.0 22.7 -4.7 83.3 "15,955" 2018 5.1 3.4 2.6 2.7 8.8 18.1 22.7 -4.6 84.5 "16,414" 2019 5.2 3.4 2.7 3.0 8.8 18.1 23.1 -5.0 86.2 "16,836" 2020 5.3 3.5 2.7 3.2 8.6 18.1 23.4 -5.2 88.0 "17,259" 2021 5.4 3.6 2.8 3.4 8.4 18.2 23.6 -5.4 90.0 "17,678" 2022 5.5 3.8 2.9 3.6 8.3 18.3 24.0 -5.7 92.2 "18,095" 2023 5.5 3.9 3.0 4.0 8.4 18.2 24.8 -6.6 95.5 "18,489" 2024 5.6 4.0 3.0 4.5 8.6 18.1 25.7 -7.6 99.5 "18,896" 2025 5.7 4.2 3.1 5.0 8.8 17.9 26.7 -8.8 104.6 "19,297" 2026 5.7 4.3 3.1 5.2 8.9 17.9 27.3 -9.3 110.1 "19,703" 2027 5.8 4.4 3.2 5.5 9.1 17.9 28.0 -10.0 116.0 "20,131" 2028 5.9 4.6 3.3 5.8 9.3 17.9 28.8 -10.9 122.5 "20,574" 2029 5.9 4.8 3.3 6.1 9.4 17.9 29.5 -11.6 129.5 "21,011" 2030 6.0 5.0 3.4 6.5 9.6 17.9 30.4 -12.5 137.1 "21,468" 2031 6.0 5.0 3.4 6.8 9.7 17.9 31.0 -13.0 144.8 "21,940" 2032 6.0 5.2 3.5 7.2 9.9 17.9 31.8 -13.9 153.1 "22,423" 2033 6.1 5.4 3.6 7.6 9.9 17.9 32.6 -14.7 161.9 "22,916" 2034 6.1 5.5 3.6 8.1 9.9 17.9 33.2 -15.2 170.8 "23,421" 2035 6.1 5.6 3.7 8.5 9.9 17.9 33.8 -15.9 180.1 "23,936" 2036 6.1 5.7 3.7 9.0 9.9 17.9 34.4 -16.4 189.5 "24,462" 2037 6.1 5.9 3.8 9.5 9.9 17.9 35.1 -17.2 199.3 "25,001" 2038 6.1 6.0 3.8 9.9 9.9 17.9 35.7 -17.8 209.1 "25,569" 2039 6.1 6.1 3.9 10.4 9.9 17.9 36.4 -18.5 219.2 "26,157" 2040 6.0 6.2 4.0 10.9 9.9 17.9 37.0 -19.1 229.6 "26,739" 2041 6.0 6.3 4.0 11.5 9.9 17.9 37.6 -19.7 240.3 "27,328" 2042 6.0 6.4 4.1 12.0 9.9 17.9 38.4 -20.4 251.3 "27,929" 2043 6.0 6.6 4.1 12.5 9.9 17.9 39.1 -21.2 262.5 "28,543" 2044 5.9 6.6 4.2 13.1 9.9 17.9 39.7 -21.7 273.9 "29,171" 2045 5.9 6.7 4.2 13.7 9.9 17.9 40.3 -22.4 285.5 "29,813" 2046 5.9 6.8 4.3 14.2 9.9 17.9 41.1 -23.2 297.4 "30,469" 2047 5.9 6.9 4.3 14.8 9.9 17.9 41.8 -23.9 309.5 "31,139" 2048 5.9 7.0 4.4 15.4 9.9 17.9 42.6 -24.7 321.9 "31,824" 2049 5.9 7.1 4.4 16.1 9.9 17.9 43.3 -25.4 334.5 "32,524" 2050 5.9 7.2 4.5 16.7 9.9 17.9 44.2 -26.2 347.4 "33,240" 2051 5.9 7.3 4.5 17.3 9.9 17.9 44.9 -27.0 360.8 "33,946" 2052 5.9 7.4 4.6 18.0 9.9 17.9 45.8 -27.9 374.6 "34,659" 2053 5.9 7.5 4.6 18.7 9.9 17.9 46.6 -28.6 388.7 "35,387" 2054 6.0 7.5 4.7 19.4 9.9 17.9 47.5 -29.5 403.1 "36,130" 2055 6.0 7.7 4.7 20.1 9.9 17.9 48.4 -30.5 417.9 "36,889" 2056 6.0 7.8 4.7 20.9 9.9 17.9 49.3 -31.3 432.9 "37,664" 2057 6.0 8.0 4.8 21.6 9.9 17.9 50.3 -32.4 448.3 "38,455" 2058 6.0 8.1 4.8 22.4 9.9 17.9 51.2 -33.2 464.1 "39,262" 2059 6.0 8.1 4.8 23.2 9.9 17.9 52.0 -34.0 479.9 "40,087" 2060 6.0 8.3 4.9 24.0 9.9 17.9 53.1 -35.1 496.3 "40,928" 2061 6.1 8.4 4.9 24.8 9.9 17.9 54.1 -36.1 513.0 "41,788" 2062 6.1 8.6 4.9 25.6 9.9 17.9 55.1 -37.2 530.1 "42,665" 2063 6.1 8.6 5.0 26.4 9.9 17.9 56.0 -38.1 547.0 "43,593" 2064 6.1 8.8 5.0 27.3 9.9 17.9 57.1 -39.1 564.6 "44,520" 2065 6.1 9.0 5.0 28.2 9.9 17.9 58.2 -40.2 582.7 "45,455" 2066 6.1 9.1 5.1 29.1 9.9 17.9 59.3 -41.3 601.2 "46,409" 2067 6.2 9.2 5.1 30.0 9.9 17.9 60.4 -42.5 620.1 "47,384" 2068 6.2 9.3 5.1 31.0 9.9 17.9 61.4 -43.5 639.2 "48,379" 2069 6.2 9.5 5.1 31.9 9.9 17.9 62.6 -44.7 658.8 "49,395" 2070 6.2 9.7 5.2 32.9 9.9 17.9 63.9 -45.9 678.8 "50,432" 2071 6.2 9.7 5.2 33.9 9.9 17.9 64.9 -46.9 699.1 "51,491" 2072 6.2 9.9 5.2 34.9 9.9 17.9 66.1 -48.1 719.8 "52,573" 2073 6.3 10.1 5.2 35.9 9.9 17.9 67.4 -49.5 740.9 "53,677" 2074 6.2 10.2 5.3 37.0 9.9 17.9 68.6 -50.6 762.4 "54,804" 2075 6.3 10.3 5.3 38.1 9.9 17.9 69.9 -51.9 784.3 "55,955" 2076 6.3 10.5 5.3 39.2 9.9 17.9 71.1 -53.2 806.7 "57,130" 2077 6.3 10.6 5.3 40.3 9.9 17.9 72.4 -54.4 829.3 "58,329" 2078 6.3 10.7 5.4 41.4 9.9 17.9 73.7 -55.7 852.4 "59,554" 2079 6.3 10.8 5.4 42.6 9.9 17.9 74.9 -57.0 875.8 "60,805" 2080 6.3 11.0 5.4 43.7 9.9 17.9 76.3 -58.4 899.7 "62,082" 2081 6.3 11.2 5.4 44.9 9.9 17.9 77.7 -59.8 924.0 "63,386" 2082 6.4 11.2 5.4 46.1 9.9 17.9 79.0 -61.1 948.6 "64,717" 2083 6.4 11.4 5.4 47.4 9.9 17.9 80.5 -62.5 973.7 "66,076" 2084 6.4 11.5 5.4 48.6 9.9 17.9 81.8 -63.9 999.2 "67,463" 2085 6.4 11.7 5.4 49.9 9.9 17.9 83.3 -65.3 1025.1 "68,880" 2086 6.4 11.9 5.4 51.2 9.9 17.9 84.8 -66.8 1051.5 "70,327" Source: GAO's Spring 2012 analysis based on CBO's projections for Social Security and alternative projections for Medicare and Medicaid.