Over the past 50 years, the federal debt has averaged 39 percent of gross domestic product (GDP). By the end of 2015, it had reached a whopping 74 percent of GDP, an increase of $337 billion compared to 2014. Over the next 10 years, CBO projects that figure to continue to rise and reach a sickening $23.8 trillion (86.1 percent of GDP) by 2026.
Over the past 50 years, the federal debt has averaged 39 percent of gross domestic product (GDP). By the end of 2015, it had reached a whopping 74 percent of GDP, an increase of $337 billion compared to 2014. Over the next 10 years, CBO projects that figure to continue to rise and reach a sickening $23.8 trillion (86.1 percent of GDP) by 2026.