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Reply to "Do you think taxes will increase to pay for the nation's debt?"
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[quote=Anonymous]Federal Debt to Hit Record Levels, Budget Office Warns [quote] https://www.nytimes.com/2026/02/11/business/federal-debt-record-levels-budget-office.html The country is still on track to borrow what economists consider an alarming amount of money in the coming years. But the situation, on paper at least, has gotten only somewhat worse, but not significantly, under Mr. Trump’s unorthodox policy mix. Those were the findings of the Congressional Budget Office, the nonpartisan scorekeeper, in its annual benchmark forecast for the federal budget released on Wednesday. Compared with its projections from January 2025, before Mr. Trump took office, the federal government is now expected to run a $23.1 trillion shortfall over the next nine years, rather than a $21.8 trillion one, a $1.4 trillion wider gap. The C.B.O. said that the amount of debt held by the public is expected to become much larger than the annual output of the economy, reaching 120 percent of gross domestic product in 2036. [b]That would surpass levels reached in the aftermath of World War II and put the world’s most important economy at risk of a destabilizing debt crisis. [/b] [/quote][/quote]
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