The Congressional Budget Office (CBO) has issued alarming forecasts regarding the U.S. national debt and federal budget deficit, projecting that the debt could grow by $23.9 trillion over the next decade, not accounting for the costs of extending recent tax cuts. The national debt is nearing post-World War II levels and is expected to exceed those levels by 2029. Furthermore, the federal budget deficit is anticipated to swell to $1.9 trillion by 2025 and could reach $2.7 trillion by 2035, putting significant pressure on the Republican party as they consider potential tax cuts amidst rising economic challenges.