title: (VIDEO) CONGRESSIONAL BUDGET OFFICE: DEBT HEADED TO 103% OF GDP – LAST SEEN AT END OF WWII
text: CBO DIRECTOR:  How long the nation could sustain such growth in federal debt is impossible to predict with any confidence. At some point, investors would begin to doubt the government s willingness or ability to meet its debt obligations, requiring it to pay much higher interest costs in order to continue borrowing money. Such a fiscal crisis would present policymakers with extremely difficult choices and would probably have a substantial negative impact on the country.  