Think you're smart about deficits? Try this
Deficits. Taxes. Spending. Could you help Washington find a way out of the nation's fiscal pickle? Take the CNNMoney debt quiz.
By Jeanne Sahadi, senior writer
Score so far:
5. What percent of the deficit projected for 2021 will be due to interest payments alone?
80%. A fairly fat sum. Interest owed will account for 80% -- or $931 billion -- of the $1.16 trillion projected deficit for that year, according to the CBO analysis of the president's budget proposal. That $931 billion, combined with the spending on Medicare, Medicaid and Social Security would eat up 89% of all federal tax receipts. So 89 cents of every tax dollar will be spoken for before lawmakers consider what to spend on everything else from education to infrastructure to defense.
Broke! Fixing America's fiscal crisis
Debt ceiling: FAQ
Everybody's talking about debt. No wonder: The country's tab is a whisker away from the current debt ceiling. (
Where our money will go in 2020
Unless we make big changes, 92% of U.S. tax revenue could go to just 4 things – leaving just a sliver to pay for everything else. (
Take the Social Security quiz
As policymakers and politicos argue about its fiscal condition, here's a quick test of what you know. (
Advertise with Us
Subscribe to Fortune
Subscribe to Money
Give the Gift of Fortune
Give the Gift of Money
Magazine Customer Service
Real Estate Search
Mortgage and Savings Center
Market Data Alerts
Mobile Site & Apps
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET.
LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR.
. Morningstar: © 2013 Morningstar, Inc. All Rights Reserved.
The Dow Jones Indexes
are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones Indexes
© 2013 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2013. All rights reserved. Most stock quote data provided by BATS.
© 2013 Cable News Network. A Time Warner Company. All Rights Reserved.
under which this service is provided to you.