The Congressional Budget Office recently revised its earlier, already dire warning that the national debt will be 150 percent larger than the entire U.S. economy within 30 years — and GOP budget and tax proposals could make a bad situation much worse.CQ News editors Patrick B. Pexton and Pete Cohn discuss the political landscape of debt and deficits heading into what could be a fateful midterm election.Roll CallShow Notes: • History Shows You Can’t Bank on Tax Bill Projections • Record Debt Pile by 2029 if Tax Cuts, Budget Deal Extended, CBO Says • Opinion: Want to Fix the Debt? Bring Back Earmarks
