SUSTAINABILITY: Report warns U.S. national debt predicted to pass $53 trillion by 2035.
By fiscal year 2035, the national debt is set to surpass $53 trillion, or 120% of the nation’s Gross Domestic Product, according to a new estimate by the Committee for a Responsible Federal Budget.
The updated number – which CRFB reached by assuming that all current trade deals and tariffs remain in effect – is $1 trillion more than projected in the Congressional Budget Office’s January 2025 Budget and Economic Outlook.
Yearly interest payments on the national debt will rise as well, climbing from nearly $1 trillion in 2025 to $1.8 trillion in 2035, a total increase of $14 trillion over the next decade.
This story doesn’t end well.