CBO and Current Policies

The CBO report shows the debt, public held only, as percent of the GDP. Note that this is really worse than WWII since the debt then was just the public debt since Congress has been purloining the SSI and Medicare funds in addition, so we will be well over WWII numbers.

I often think what would happen if this was a start up company and we were on the Board. Would we ever allow the management to continue in this clueless fashion. No! They would be replaced. We will soon exceed, if not already, all previous debt levels. And they keep driving over the cliff!