“The debt has increased 123 percent over the past decade as the nation sought to break free of the financial crisis and the tepid growth that followed.  Total debt is now nearly 105 percent of gross domestic product, just shy of its highest level since World War II. The most recent Congressional Budget Office projections have the trajectory leading to a debt-to-GDP ratio of 150 percent by 2047, well past the point where financial crises typically occur.  In addition, the budget deficit is likely to swell, with the CBO projecting an increase from 2.9 percent of GDP in 2017 to 9.8 percent in 2047.”

Read more: https://www.cnbc.com/2018/02/13/us-security-chief-calls-national-debt-a-dire-threat.html

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