CBO releases frightening debt figures

The United States Congressional Budget Office released “The Budget and Economic Outlook” report yesterday, projecting that by 2036, gross federal debt will rise from $38 trillion to $64 trillion, with the annual deficit exceeding $3 trillion and the ratio of debt to gross domestic product reaching 120 percent. The U.S. government currently owes foreign investors more than $9 trillion. The Trump administration’s disregard for debt is projected to drastically exacerbate the problem that many analysts call America’s worst national security vulnerability.