New Forecast: We only have until 2049

My previous projection is that: There won't be a Debt Crisis.  Before that, I was projecting a TEOTWAWKI event in 2053, and before that in 2043, and before that in 2032.

So I took my previous numbers through 2029 (which came from the CBO).  Then I used numbers from the 2018 Long-Term Budget Outlook through 2048.  So these are mostly CBO's numbers. Here is what I came up with:

								Memo	Memo
				Debt		Debt %		Net	SS
Year	Revenues	Outlays	Deficit	Public	GDP	of GDP		Interest	Outlays
2018	3,329	4,108	-779	15,751	20,236	77.8%		325	982
2019	3,515	4,416	-901	16,636	21,252	78.3%		383	1,039
2020	3,686	4,604	-918	17,601	22,120	79.6%		465	1,102
2021	3,841	4,830	-989	18,626	22,939	81.2%		528	1,171
2022	4,012	5,061	-1,049	19,795	23,778	83.2%		571	1,245
2023	4,208	5,329	-1,121	20,976	24,672	85.0%		641	1,323
2024	4,448	5,577	-1,129	22,112	25,642	86.2%		692	1,403
2025	4,647	5,835	-1,188	23,300	26,656	87.4%		720	1,487
2026	4,956	6,156	-1,200	24,500	27,667	88.6%		775	1,574
2027	5,254	6,468	-1,214	25,714	28,738	89.5%		833	1,664
2028	5,447	6,778	-1,331	27,044	29,862	90.6%		866	1,759
2029	5,672	7,095	-1,423	28,467	31,006	91.8%		930	1,856
2030	5,933	7,739	-1,806	30,273	32,246	93.9%		1,000	1,935
2031	6,204	8,149	-1,945	32,218	33,536	96.1%		1,073	2,012
2032	6,487	8,580	-2,093	34,311	34,878	98.4%		1,151	2,093
2033	6,783	9,032	-2,249	36,560	36,273	100.8%		1,233	2,176
2034	7,092	9,506	-2,414	38,974	37,724	103.3%		1,320	2,301
2035	7,415	10,004	-2,589	41,563	39,232	105.9%		1,452	2,393
2036	7,752	10,527	-2,775	44,338	40,802	108.7%		1,591	2,489
2037	8,105	11,075	-2,970	47,308	42,434	111.5%		1,740	2,588
2038	8,473	11,651	-3,178	50,486	44,131	114.4%		1,898	2,692
2039	8,858	12,254	-3,396	53,882	45,896	117.4%		2,065	2,846
2040	9,260	12,888	-3,628	57,510	47,732	120.5%		2,243	2,959
2041	9,680	13,552	-3,872	61,382	49,642	123.7%		2,432	3,078
2042	10,119	14,249	-4,130	65,512	51,627	126.9%		2,633	3,201
2043	10,577	14,980	-4,403	69,915	53,692	130.2%		2,846	3,329
2044	11,056	15,747	-4,691	74,606	55,840	133.6%		3,071	3,518
2045	11,499	16,551	-5,052	79,658	58,074	137.2%		3,310	3,659
2046	11,959	17,394	-5,435	85,093	60,397	140.9%		3,563	3,805
2047	12,437	18,278	-5,841	90,934	62,812	144.8%		3,832	3,957
2048	12,934	19,140	-6,206	97,140	65,325	148.7%		4,050	4,115
2049	13,452	19,906	-6,454	103,594	67,938	152.5%		4,212	4,280
2050	13,990	20,702	-6,712	110,306	70,655	156.1%		4,381	4,451

My opinion is that the interest costs are too high, because the Fed has the ability to manipulate them somewhat.  Notice that the revenue amounts are much higher than I had previously projected.  Somehow I am doubtful that Revenue will be 19.8% of GDP in 2048, but that is what I am using.  My previous projection didn't account for enough healthcare spending, which will soar.

The next long-term budget outlook should be out in a couple of months, so I will update this then.

Update: The CBO released an updated 10-year forecast through 2029. I'm still waiting on the updated long term forecast.