US CBO says public debt will hit 195% of GDP by 2050 under current laws

• Debt to hit 98% of GDP at year end
• Projects annual deficit in 2050 at 17.5% of GDP vs 16.0% this year
• Higher interest costs, spending on heathcare and social security will contribute the most to the rise in spending
• CBO director says path is unsustainable

Predicting 30 days into the future is tough, predicting 30 years is a PR exercise.