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I like how the charts run to 2020 to hide the massive ramp up in the last few years.
by merpnderp 11y ago
I like how the charts run to 2020 to hide the massive ramp up in the last few years.
- nickff 11y agoI don't particularly 'like' it, but entitlements will grow at an increasing pace as more of the baby boomers reach Social Security elidgibility.
- dragonwriter 11y ago> I like how the charts run to 2020 to hide the massive ramp up in the last few years. From the data there, spending as a share of GDP peaked in FY 2009, bottomed in FY 2014, and rose slightly from that trough through FY 2016. Extending it to the projected FY 2020 levels provides a bigger ramp up than recent years, since the 2018-2020 ramp up is the fastest one since the FY 2009 peak. The only massive ramp up in recent years was the one leading up to the 2009 peak.