The CBO put out its Long Term Budget projection a while back but the cover it worth pondering. Both scenarios it has evaluated are non workable. At lease they are being honest…let hope we can tackle our fiscal problems before they tackle us.
Another interest note is that the recent spike in debt % of GDP matches (or reasonably closely) up with (with respect to change and velocity of change) WWI, the GD, and (only the first year) of WWII.
