The Congressional Budget Office in its forecasts always assume no recessions/problems ahead, but just steady growth.

As a result, they tend to repeatedly underestimate public debt levels.

How it started:

https://void.cat/d/HdsHTsV5VvWSttnQrntjFv.webp

How it's going:

https://void.cat/d/31DNbrUF7WMAtW4FKvaPQP.webp

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Methinks this means they can’t hold interest rates this high for too much longer without breaking something…

πŸ‘€

CBO, the original moon math

Its apparent whenever congress runs out of things to pay for and the debt projections begin to level off, a new "emergency" happens that can only be solved by resuming exponential debt growth.

tbf, the big spike in 2020 isn't something you can forecast. The trend before that matched projections week enough based on what I can see in the chart

where is the projected part of the graph coming from?

Maybe it is not popular assume otherwise

they already exceeded the limit of the tanzi effect

PV πŸ€™πŸ’œ