US debt will double GDP in 25 years

by NW Spotlight

The Hill is reporting that a dire report by the nonpartisan Congressional Budget Office (CBO) is projecting that the US debt will be twice the size of the U.S. economy by the year 2037.

“The new CBO report warns that increased entitlement spending driven by the retirement of the baby boomers and insufficient revenue is making the long-term outlook for the national debt increasingly dire.”