Exploding Debt, Slowing Productivity: America’s Economic Future Looks Grim Unless Politicians Get Serious About Fiscal Responsibility 

Even under the best-case scenario, the long-term outlook is scary, with public debt reaching 166 percent of GDP in 30 years and all federal debt reaching 180 percent.

AP/Mary Altaffer
The national debt clock at Manhattan on May 25, 2023. AP/Mary Altaffer

Congressional Budget Office projections provide valuable insights into how a big chunk of your income is being spent and expose the long-term consequences of our government’s current fiscal policies — you may endure them, and your children most certainly will. 

Yet, like most other projections looking into our future, these numbers should be taken with a grain of salt. So should claims that CBO projections validate anyone’s fiscal track record.

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