The Congressional Budget Office has released its latest long-term projection for the economy. While the CBO suggests that increased immigration will boost the long-term economic growth rate, it also predicts critical challenges.

As the CBO puts it, “Federal debt held by the public, measured as a percentage of GDP, increases in every year of the 2024–2054 period. By 2029, that debt climbs to 107% of GDP, exceeding the historical peak it reached immediately after World War II. In 2054, it reaches 166% of GDP and remains on track to increase thereafter. Such large and growing debt would slow economic growth, push up interest payments to foreign holders of U.S. debt, and pose significant risks to the fiscal and economic outlook.”