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The Congressional Budget Office is making some projections that are breath-taking when it comes to the growth of the federal debt, but also how slow the economy is to grow.
The CBO projects economic growth will average only 1.6 percent over the next thirty years and the federal debt in 2050 will be almost double the size of annual GDP.
Furthermore, debt loads all over the economy are at or near historic highs and businesses and consumers will be hard-pressed to generate sufficient cash flow to carry the debt.