Graph of the Day for July 26, 2010

"If we do nothing to slow these skyrocketing costs, we will eventually be spending more on Medicare and Medicaid than every other government program combined.  Put simply, our health care problem is our deficit problem.President Obama, September 2009.

Source:  CBO.

Hoven's Index for July 26, 2010

Medicare and Medicaid spending as percent of GDP:

1970:  0.7%

2007:  4.0%

2020:  5.9%

Defense spending as percent of GDP:

1970:  8.1%

2007:  3.9%

2020:  3.6%

Source:  CBO.

Graph of the Day Archive.

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