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BREAKING: US national debt is set to surge +$2.4 trillion PER YEAR over the next 10 years, according to new CBO estimates.
As a result, US debt will likely reach a record $64 TRILLION in 2036, doubling from 2023 levels.
That would be TRIPLE the debt recorded in 2018, before the
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BREAKING: US national debt is set to surge +$2.4 trillion PER YEAR over the next 10 years, according to new CBO estimates.
As a result, US debt will likely reach a record $64 TRILLION in 2036, doubling from 2023 levels.
That would be TRIPLE the debt recorded in 2018, before the pandemic.
All while the annual interest costs on federal debt are expected to more than double, to $2.1 trillion, over the next 10 years.
This also assumes the economy will not fall into a recession over the entire period.
$64 trillion in debt is now the base case.
How did we end up here?
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