CBO chief to fiscal commission: Outlook is 'daunting' - Jun. 30, 2010

CBO chief to fiscal commission: Outlook is 'daunting' - Jun. 30, 2010: "Under the rosiest scenario painted by Elmendorf, the debt held by the public is on track to rise to 80% in 2035 from 62% at the end of this year. At that point, interest payments on that debt would jump to 4% of GDP, up from roughly 1% today. That's the equivalent of a third of all federal revenue."