CRFB Releases Updated Debt Fixer
We recently updated our interactive Debt Fixer tool, where users can choose between several options to make changes to the federal budget and ultimately stabilize the debt in the near term and long term.
Click here to check out Debt Fixer, which is now updated to:
- Use CRFB’s Adjusted August 2025 Baseline, which accounts for the projected impact of the One Big Beautiful Bill Act (OBBBA), new tariffs, and other legislative changes implemented since the Congressional Budget Office released its baseline last January.
- Include new options to enact policies that have been proposed or to repeal policies that have been enacted.
- Use new estimates for existing options to reflect legislative and economic changes since the policy was initially proposed.
Within the next three years, debt as a share of Gross Domestic Product (GDP) is projected to surpass the record of 106% set just after World War II and continue to rise to 122% in 2036 and 148% in 2050, which will slow income growth and increase interest rates.
The Debt Fixer puts users in policymakers’ shoes so they can weigh the trade-offs of different choices impacting defense, domestic policy, health care, Social Security, and taxes with the goal of reducing debt to 100% of GDP by 2036 and 60% by 2050 – reducing the deficit to roughly 3% of GDP over a decade as well. Some options come with costs that increase deficits and may be appealing but make it that much harder to reach the fiscal goals.
What's Next
-
Image
-
-
Image
