Economists like Steve Hanke and David Walker have written that the CBO's projections of 50 to 70 trillion dollars in unfunded obligations over the next 30 years (excluding Social Security and Medicare) constitute insolvency under any standard accounting framework.

The national debt crossed $31 trillion on March 17th, 2026, just 5 months after hitting $30 trillion, and is growing at roughly $7.2 billion per day.

The Pentagon is seeking $200 billion in supplemental war funding on top of the $150 billion Congress already gave the Department of War in last year's reconciliation act, none of which is reflected in the CBO baseline yet.

The CBO's long-run real GDP growth projection is just under 2%, approximately 1.8%, and this projection incorporates a positive productivity effect from generative AI amounting to an increase of about 10 basis points per year.

The 10-year Treasury yield has climbed to roughly 4.42%, up almost 12% since the Iran war began on February 28th.

Gasoline prices are currently elevated, with diesel prices approaching $5 per gallon, creating a short-term energy shock that could transmit to broader inflation if the Iran conflict persists.