The (Dire) Fiscal Side of the CBO’s 2021 Long-Term Forecast

According to the latest CBO budget outlook, the federal debt will nearly double to 202% of GDP by 2051. That’s not all: Outlays will endlessly outpace revenue, every major trust trust will go broke by 2035, and net interest spending will be 2X the size of defense spending by the 2040s.

—Committee for the Responsible Federal Budget