CBO; Medium Term Debt Exceeds Expectations – Simple Chart Explains

COB Debt Projections - Easy to Understand Chart

Growth of Debt vs GDP

This chart is truly frightening. The data is from the Congressional Budget Office (CBO) and was compiled by the good folks at George Mason University.

Even if you look at the best-case-scenario (blue line – highly unrealistic) debt is growing much faster than the economy. This means that the best we can hope for (if current policies remain in place) is that our debt continues to climb from 60% of GDP to an astounding and debilitating 80% of GDP in only 15 short years.

We must stop spending. We must cut spending. We must address this problem or it will cripple our country.

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