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0 The CBO Issues Most Dire Warning On US Budget Yet, Warns US Debt Will "Swiftly Be …

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Under that combination of policy assumptions, federal debt would grow much more rapidly than under the extended baseline scenario. With significantly lower revenues and higher outlays, debt would reach 87 percent of GDP by 2020, CBO projects. After that, the growing imbalance between revenues and noninterest spending, combined with spiraling interest payments, would swiftly push debt to unsustainable levels. Debt as a share of GDP would exceed its historical peak of 109 percent by 2025 and would reach 185 percent in 2035.

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