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OPINION

CBO outlook on long-term debt worsens

Townhall Staff
Townhall Staff | Jun 22, 2011
The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
New figures released Wednesday by the Congressional Budget Office show debt rising to 190 percent of the gross domestic product by 2035.

The annual long-term budget outlook forecasts a surge in public debt this year that will rise to 70 percent of GDP by the end of fiscal year 2011 compared to 62 percent by the end of 2010.

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