Watch for the debates to heat up next month regarding the federal deficits nearing 20 Trillion dollars. CBO says that’s nothing just wait til 2047.
*Federal debt is currently at 77% of GDP. to rise to 147% in 2047.
BUDGET PROJECTIONS FOR FY 2017
(As of January 2017)
*Per CBO Web site
Now see this
|This file presents data that supplement CBO’s January 2017 report The Budget and Economic Outlook: 2017 to 2027.|
See more CBO-2017-01-spendingprojections