US CBO sees public debt hitting 181% of GDP in 20 years

<p>US government debt will roughly double in the next 20 years, according to the Congressional Budget Office.</p><p>They see public debt at 181% of GDP on the current trajectory versus 98% currently.</p><p>Last month, Stanley Druckenmiller made an <a href="https://www.bnnbloomberg.ca/druckenmiller-warns-us-debt-crisis-worse-than-he-imagined-1.1915025" target="_blank" rel="nofollow">impassioned plea </a>to get US debt under control, with massive entitlement payments to come.</p><p>These CBO numbers don't account for what will almost-surely require huge spending on Social Security and Medicare.</p>

This article was written by Adam Button at www.forexlive.com.