The next 100 years of US debt is going to be a long one.
The Federal Reserve will be pushing for more debt, while Congress will be debating new rules to limit the growth of debt.
But the outlook for the debt is also very bright, as this chart shows:The Fed and Treasury have both pushed to cut interest rates in recent years, and both of them are now projecting a $1.8 trillion increase in federal debt in 2037.
That’s the largest increase since 2009, when the Fed cut rates by 0.2 percent.
In the next decade, the Fed and the Treasury are forecasting the debt to reach $4 trillion, which would be the highest since at least 1871, when a record $2.2 trillion was outstanding.
What’s more, the US is already facing its most significant fiscal crisis in decades, thanks to an increase in taxes and spending cuts that have already caused economic stagnation and deep hardship for millions of Americans.
The new figures come from the Congressional Budget Office (CBO), which released its estimates for the year ahead on Tuesday.
It found that the US economy is set to shrink by 1.6 percent this year, and by 1 percent in 2021, the CBO predicts.
Thats because of an estimated $5 trillion in new federal tax revenues that will be needed by 2021 to cover the gap between the projected deficit and spending levels.
While the Federal Reserve has already cut rates, and Congress is considering new rules, there’s still plenty of room for growth.
In fact, the Federal Open Market Committee (FOMC), which sets the US central bank’s key interest rate, will be meeting in June, so the CBO expects that the Fed will likely raise rates again before the end of the year.
The Fed has already signaled it is ready to cut rates again, and Treasury Secretary Jack Lew told Congress on Monday that it would likely increase interest rates again.
“The Fed has signaled it wants to raise rates as soon as next week,” the CBO wrote in its new report.
“The FOMC will be reviewing this possibility in coming days, and we are confident that the committee will move cautiously to protect the economy from a sharp slowdown.
That is why we expect that, as the FOMCs meeting approaches, the committee may move to increase rates again.”
The Congressional Budget office has already projected that the next 100 to 200 years will be the largest decade for US debt in the country’s history, and will likely be the most difficult for the US to repay.
But its projections are based on two key assumptions: that the economy will grow at the same pace as it did in 2010, and that the population will remain stable.
As long as the economy does grow at a rate of 1.2%, or about 2.6%, as it has in recent decades, the debt will fall by about $400 billion a year.
But if growth rates fall to 2.2% or less, the total debt will grow by about another $700 billion, and the debt per capita will reach $1,200 a year, up from $920 in 2010.
That would be about double what the CBO has projected for the next 200 years.
The growth rate that has been the norm in recent history, according to the CBO, is now expected to be 3.5% this year and 3.6% in 2021.
This will be a slower pace of growth than the 1.5%-3.6%-3% growth that has prevailed in recent times, but it will still be one of the fastest rates of growth in US history.
And the population is set for its most dramatic rise in population since at most the early 20th century, according the CBO.
As of 2040, the population could reach more than 1 billion, up a million people from the 1 million in 2010 and one million in 1910.
The CBO also projects that US GDP will grow 3.8% in the next century, up about 0.6 percentage points from the 3.2%-3%.
The growth rate is expected to accelerate to 4% in 2060, after which it is projected to plateau at 3.1%.
This would be a major shift from the 2.8%-3%, which averaged around 2.5%.
But there is still a long way to go before the US can repay its debt.
The CBO expects the debt ratio to reach about 100% of GDP by 2035, and then rise to 200% by 2065, a level that would make it the largest debt burden in history.
But that would be very difficult to pay back.
If debt were to rise from current levels of about 95% of US GDP to 100% by 2025, the economy would only grow about 1.7% a year for the rest of the century.
That means that US debt would have to grow by 2.4% a month for the whole century, or about 20 years.
This would only be possible if interest rates