American debt will mean significant risks for the economy, says the Office Budget

He attributed part of the problem to an aging population, as more and more elderly people receive payments to retirement from social security and health insurance via Medicare. Congress analysts claim that the social security request could exhaust their trust fund in 2034, threatening the benefits of the elderly, while the main fiduciary fund for Medicare could be exhausted in 2052.

However, there is little appetite to Washington for a fight against these social security nets. Although the Trump administration maintains it, it does not plan to reduce social security, Medicare or Medicaid, the president and its allies have attacked the programs in recent weeks as a source of waste, fraud and abuse. Elon Musk, who directs an effort to reduce government costs, has referred to Social Security in particular, in particular as a PONZI program and the Great to be eliminated.

If we can eliminate certain forms of waste or inappropriate payments in our budget, it is a good thing, but it is simply not enough to change the long -term trajectory of the budget, said Michael A. Peterson, director general of the Peter G. Peterson Foundation, who supports the reduction of the deficit. It said that there was a new reform and income to put the United States on a more sustainable and repairable path.

For the moment, Trump has committed to pursuing important cuts in other areas of federal spending, mainly targeting government programs that deal with climate change, education, health, science and the labor market. With the help of Mr. Musk, the administration has already moved to freeze or cancel billions of dollars in federal aid, while rejecting thousands of federal workers and trying to close entire agencies, including the Department of Education.

If they improve the effectiveness of the government, this would help on the side of income collection, said Phillip Swagel, the director of the CBO, during an interview earlier Thursday on CNBC, the addition of volatility can go in the other direction, and the change is difficult.

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