I notice this because I was checking posts I made 1 year ago: https://aftermath2022.blogspot.com/2024/08/2023-financial-report-of-united-states.html
Here is the key paragraph:
As discussed below, if current policy is left unchanged and based on this Financial Report’s assumptions, the debt-to-GDP ratio is projected to exceed 200 percent by 2049 and reach 535 percent in 2099. By comparison, under the 2023 projections, the debt to-GDP ratio exceeded 200 percent two years earlier in 2047 and reached 531 percent in 2098. Preventing the debt-to-GDP ratio from rising over the next 75 years is estimated to require some combination of spending reductions and revenue increases that amounts to 4.3 percent PV of GDP over the period. While this estimate of the “75-year fiscal gap” is highly uncertain, it is nevertheless nearly certain that current fiscal policies cannot be sustained indefinitely.
So last year's report showed the 200% mark at 2047 and this says 2049, so that is good, right?
What about the Federal Employee & Veteran Benefits Payable? It is now at $15.033 trillion, up from $14.348 trillion last year. So this went up about $700 billion in just one year.
Total liabilities as of 9/30/24 were $45.5 trillion compared to $42.9 trillion as of 9/30/23.
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