I agree that we should focus on interest rates, current and future. I also wanted to note that the President's latest budget also projects rapidly rising interest rates. As can be seen at http://www.econdataus.com/outgdp17.html
, that budget projects that net interest will rise from the current 1.3% of GDP to 2.5% of GDP by 2021. By the way, which CBO projections are you using? According to the one at https://www.cbo.gov/sites/default/files/51119-2015-06-LongTermBudgetProjections.xlsx
, net interest is projected to rise from to 3.1% of GDP by 2026 and to 4.9%, 6.1%, and 7.5% of GDP by 2050, 2070, and 2090, respectively. I see that those are from June 2015 and wanted to use the latest ones available.
As recently as fiscal year 2015, the U.S. budget carried a table titled "LONG-RUN BUDGET PROJECTIONS" that showed projected receipts, outlays, deficits, and debt for about 70 years into the future. You can see the FY 2015 version in Table 3-1 on page 25 at https://www.whitehouse.gov/sites/default/files/omb/budget/fy2015/assets/spec.pdf
. However, it was dropped from the FY 2016 version at https://www.whitehouse.gov/sites/default/files/omb/budget/fy2016/assets/spec.pdf
and the most recent one at https://www.whitehouse.gov/sites/default/files/omb/budget/fy2017/assets/spec.pdf
. This dropping of uncomfortable information has happened under both parties. I believe that it was in the FY 2003 budget under Bush the budget went from projecting for 10 years to projection for 5 years. This was precisely when the future projections turned down. In any case, keep up the good work on trying to educate the public to these facts.