Washington is facing a fiscal crisis, with projections showing a $102 trillion increase in publicly held debt over the next 30 years. The CBO baseline assumes no recession and perpetual full employment, which contrasts starkly with the past 30 years of economic history. The GOP’s budget plan, the OBBBA, could add $117 trillion to the debt over 30 years, potentially rising to $156 trillion if interest rates increase. With limited options for revenue increases or spending cuts, America is on a path to a $185 trillion public debt by mid-century. The Fiscal Doomsday Machine is a real threat that requires immediate action.

Read more at Investing.com: Washington Faces Long-Term Fiscal Pressures as Structural Deficits Deepen