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Our Ever-Expanding National Debt\n

Periodically, the Congressional Budget Office forecasts federal debt, revenue, and spending. For decades, the CBO has underestimated the future debt. If we adjust CBO\u2019s forecasts by their historical error, we get a clearer picture of where the federal government\u2019s finances will be in the next decade. Interestingly, the debt is approaching a point not seen since the first decade of our history when Congress replaced Continental dollars with the US dollar we use today.