Deficit Reduction(2014-2023)

Note: Relative to CRFB’s realistic baselineSource: CRFB

In $tn

Spending Cuts(2014-2023)

In $bn

Note: Relative to CRFB’s realistic baselineSource: CRFB

Debt Ratios

79%

64%

70%

55%

2012 Ratio: 72.5%

% of GDP

Source: CRFB, Steve Rattner estimates