CBO's 2012 Long-Term Budget Outlook Analysis
Under current spending and tax policies, federal debt would be on a path that climbs to about 200 percent of gross domestic product within 25 years, according to CBO.
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Under current spending and tax policies, federal debt would be on a path that climbs to about 200 percent of gross domestic product within 25 years, according to CBO.
Inflation and interest rates will have important impacts on the long-term federal budget outlook.
A new fiscal agenda structured in a prudent way that induces strong economic growth, increases revenues, and protects low- and middle-income Americans is what will bring stability to the long-term budget outlook.
https://www.pgpf.org/expert-views/americas-fiscal-and-economic-outlook/a-path-to-economic-prosperity