Us debt clock10/12/2023 ![]() ![]() Medicare spending is net of premiums and payments from the states. “Other mandatory” is the remainder of mandatory spending - it includes items such as income security programs and federal civilian employee retirement. By 2033, the gross federal debt of the United States is projected to be about 51.99 trillion U.S. Mandatory spending includes Social Security, Medicare, Medicaid, the Children’s Health Insurance Program, and spending to subsidize health insurance purchased through the marketplaces established under the Affordable Care Act and related spending. debt is expected to exceed fifty trillion dollars by 2033. Mandatory spending is the budget authority provided by laws other than appropriation acts and the outlays that result from that budget authority. #US DEBT CLOCK UPDATE#We update our exchange rates every day using data from the Bank of America. Our data are collected from official government agencies and central banks or Eurostat. Discretionary spending is often broken down further into defense and nondefense programs. GDP: 18,570,300,000,000 Population: 326,760,450. ![]() NOTES: Discretionary spending is the budget authority that is provided and controlled by appropriation acts and the outlays that result from that budget authority. SOURCE: Congressional Budget Office, An Update to the Budget Outlook: 2023 to 2033, May 2023. Peterson Foundation has launched a series of national debt clocks in cities across the country, raising awareness about the need to manage. ![]()
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