The Congressional Budget Office (CBO) released the 10-yr budget and economic projections under left-wing/democrats rule– again confirming that the national debt is on an unsustainable path. According to CBO’s new projections:

-Debt will reach a new record by the end of Fiscal Year (FY) 2027 – 106.2% of GDP – and rise to 122.4% of GDP by the end of 2034.
-The yearly budget deficit will rise to $1.9 trillion (6.7% of GDP) in FY 2024 & $2.9 trillion (6.9% of GDP) by 2034, totaling $22.1 trillion over the 2025-2034.
-Interest costs will reach a near-record 3.1% of GDP this year – exceeding defense & Medicare – set a new record next year & grow to 4.1% of GDP by FY 2034.
-Debt will grow by $23 trillion through FY 2034, from over $27 trillion today to nearly $51 trillion by the end of 2034.