So just last week, I was saying there will be a debt crisis in 2034. Coincidentally, the CBO just released their 10 year forecast through 2034 and it doesn't seem like any sort of debt crisis will happen.
Here are the numbers for 2034 only:
(from https://www.cbo.gov/system/files/2024-02/51118-2024-02-Budget-Projections.xlsx)
Debt at 116% of GDP (with a $2.6 trillion deficit) doesn't sound good, but it isn't the end of the world. And if GDP increases faster than projected, which I think is likely because of inflation, then it may be possible to stabilize the debt/GDP ratio at just over 100%.
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