linguistic:voice_change, structural:expansion, stylistic:style_transfer, structural:summarization
Future

According to the Congressional Budget Office (CBO), annual mandatory spending will increase from $2.4 trillion in 2016 to $4.3 trillion by 2027. Though averaging about 10 percent of GDP since 1973, mandatory spending is projected to increase to about 14 percent of GDP by 2027. Discretionary spending on the other hand is projected to fall further, to 5 percent of GDP. BY FY2022, discretionary spending's share of the economy is projected to be equal to or less than spending on Social Security and major health programs. Under the long term, projections suggest that if current policies remain unchanged, the US could face a major fiscal imbalance. Growth in spending, particularly for Social Security, Medicare, and Medicaid is projected to outstrip growth in revenues. This would result in larger deficits and higher debt. Mandatory spending on health care is projected to expand from 5 percent of GDP in FY2016 to 14 percent in FY2089. Social Security, is projected to expand from 5 percent of GDP in FY 2016 to 7 percent of GDP by FY2089. It is projected that if spending continues to increase, the deficit will reach 5.2 percent of GDP by 2027.