Skip to Content

US public debt is projected to reach 181% of American economic activity in 30 years


Associated Press

WASHINGTON (AP) — The Congressional Budget Office is giving the world a concerning look at the U.S. government’s ledgers. And it’s a picture of ever higher deficits, greater government spending and tax revenues that only begin to increase when existing tax cuts expire. The nonpartisan agency estimates in its latest 30-year outlook that publicly held debt will be equal to a record 181% of American economic activity by 2053. That compares with a projected 98% at the end of this budget year. It’s a sign that the government is getting more dependent on debt to pay for Social Security, Medicare, the military, infrastructure and an array of programs that benefit millions of households.

Article Topic Follows: AP National News

Jump to comments ↓

Associated Press


KTVZ NewsChannel 21 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content