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Over the longer term (beyond near-term interest), mandatory spending on Social Security and healthcare programs represents the primary fiscal challenge, driven by an aging U.S. population and excess cost growth in healthcare.

factualpending

Speaker

Philip Swagel

Evidence Quote

“Social Security right now is the largest single program of the federal government on this on the outlay side on the spending side um and that's continuing those outlays are continuing to rise because the US is an aging Society”

Source

CBO Director: What Happens When Debt Hits 122% Of GDP | Phillip Swagel— David Lin
Created: 8/12/2026, 6:26:40 PM

My Notes

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