Subject: Re: Treasury Bond Yields Tank
Going forward, most of the change in the federal U.S. deficit will be from interest, Social Security, and Medicare.

CBO projections of 25-year changes:
larger deficit 6.1% of GDP
more interest 4.6% of GDP
more Social Security 1.4% of GDP
more Medicare 2.6% of GDP

CBO projections for the next 25 years are (percent of GDP, 2022 to 2047):
revenues decrease: 19.6% to 18.9%
outlays increase: 23.5% to 28.9%
larger deficit: -3.9% to -10.0%
interest increases: 1.6% to 6.2%

contribution to the Federal Deficit:
Social Security: -0.4% to -1.8%
Medicare: -1.5% to -4.1%

https://www.cbo.gov/publicatio...