CBO Releases Debt Numbers and they are Staggering

Now this should give every Congressman heart palpitations from its gravity.

To put it bluntly, the fiscal policy of the United States is unsustainable. Debt is growing faster than gross domestic product. Under the CBO's most realistic scenario, the publicly held debt of the U.S. government will reach 82 percent of GDP by 2019 -- roughly double what it was in 2008. By 2026, spiraling interest payments would push the debt above its all-time peak (set just after World War II) of 113 percent of GDP. It would reach 200 percent of GDP in 2038.

I think it is time to argue that we need immigration reform as soon as possible. Most of this huge interest expense comes from aging population and older people consuming more health care then they are paying in. So we need to open the gates and start bringing in skilled immigrants to pay taxes and buy things to stabilize our debt load.