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CBO warns that the “high and rising debt would have serious negative consequences for the budget and the nation,” including reduced incomes for families, an increased likelihood of financial crisis, and decreased flexibility for lawmakers when responding to unexpected challenges.
https://www.pgpf.org/blog/2017/06/five-key-takeaways-from-the-cbo-budget-and-economic-outlook
On our current path, CBO projects that deficits will reach $1.0 trillion by 2022 and total $10.1 trillion over the next ten years.
https://www.pgpf.org/analysis/2017/06/cbo-unsustainable-deficits-threaten-future-economic-growth
"As lawmakers debate significant reforms, our growing deficits should be a factor in every policy conversation," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
Modeled after the Consumer Confidence Index, the Fiscal Confidence Index is a national survey that measures public opinion about the national debt.