Committee for a Responsible Federal Budget

CRFB Analysis of CBO’s January 2010 Baseline

Jan 26, 2010 | Budgets & Projections

From CBO's January 2010 Budget and Economic Outlook, baseline estimates now show that public debt will increase from 53 percent of GDP in 2009 to 67 percent in 2020. Yet as troubling as this scenario is, it is almost certainly optimistic. If we assumed current policies were to continue as they have in the past, the debt would reach nearly 100 percent of GDP in 2020.