Bloomberg Economics forecasts that the US federal debt will reach 166% of GDP over the next 30 years, surpassing the previous high after World War II. The CBO's projections show debt growing to 107% of GDP by the end of this decade and to 116% of GDP in 10 years. The Committee for a Responsible Federal Budget criticizes the CBO's optimistic outlook.
Bloomberg Economics painted a dire picture: our federal debt ballooning from 97% of our gross domestic product, or GDP , now to 166% of GDP over the next 30 years. The CBO's forecast has federal debt , as a percentage of GDP , reaching its highest level ever in 2029.
The Committee for a Responsible Federal Budget called the CBO outlook optimistic and 'underpinned by rosy assumptions.'
US Federal Debt GDP Forecast Projections Committee For A Responsible Federal Budget Bloomberg Economics
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