The Congressional Budget Office delivered a sobering long-term forecast on Thursday, projecting federal deficits will surge to 7.3% of GDP by 2055—nearly double the 30-year average of 3.9%—as rising interest costs and demographic pressures weigh on America’s fiscal health. Even more alarming: public debt is expected to skyrocket to 156% of GDP within three decades, up from 100% in 2025, as an aging population shrinks the workforce and slows economic growth.While these projections assume no policy changes, they underscore the unsustainable trajectory of US finances. With interest payments consuming a growing share of revenue, the CBO’s report serves as a stark warning about the tough fiscal choices looming on the horizon.
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