Each year, the nonpartisan Congressional Budget Office produces a long-term forecast for budget deficits, national debt, revenue, and government spending. Here’s what you need to know about where we are headed. See a more detailed analysis that includes alternative projections if the recent tax cuts and spending increases are extended here.
Without changes, the debt will reach levels never seen before.
Autopilot spending will drive debt upwards.
Growing debt is a real threat to the economy and our future.
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