Tuesday Trajectories
Executive Summary: U.S. Federal Fiscal Trends This analysis, supported by visualizations of U.S. federal fiscal data from 1970 to 2024, reveals an alarming trajectory of escalating government spending, persistent budget deficits, and a rapidly growing national debt, alongside a highly progressive yet insufficient federal income tax system. Federal outlays have surged from $195.6 billion in 1970 to an estimated $6.8–$6.9 trillion in 2024, driven by mandatory programs like Social Security ($1.46–$1.5 trillion) and Medicare ($912 billion), as well as soaring interest payments ($882–$949 billion) on a national debt exceeding $33 trillion. The trajectory of deficits has worsened, growing from $2.8 billion…
