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What, me worry? A new Congressional Budget Office report today predicts the federal debt will grow to $28 trillion in the next decade.
Government spending is projected to increase by 5 percent, or $178 billion, while government revenue is projected to increase by less than 1 percent, or $26 billion. The rise in government spending is attributed to a 6 percent increase in outlays for Social Security and Medicare, a 1 percent increase in discretionary spending, and an 11 percent increase in net interest.
With the American people apparently favoring candidates who want to increase that debt, I suspect this prediction is seriously understated.