CBO worries on debt

[Doug Henwood]

Hey Max, what's with this CBO report I just opened - it's dated 
October, but I'm way behind - arguing that federal spending is going 
to zoom in the long term, and unless we 'save' the surplus over the 
next couple of decades, debt will start spinning out of control 
around 2020 (debt/GDP breaking 100%, twice the 1990s average, in 
2030, pushing 200% in 2040....?

Doug