US CBO sees public debt hitting 181% of GDP in 20 years | Forexlive

US government debt will roughly double in the next 20 years, according to the Congressional Budget Office.

They see public debt at 181% of GDP on the current trajectory versus 98% currently.

Last month, Stanley Druckenmiller made an impassioned plea to get US debt under control, with massive entitlement payments to come.

These CBO numbers don’t account for what will almost-surely require huge spending on Social Security and Medicare.