U.S. debt to exceed 70% of GDP this year

Congressional Budget Office reported in a new budget outlook that U.S. federal budget will top 70% of country's GDP already by the end of this year. This will be the highest ratio since shortly after WWII. According to CBO, if laws will stay unchanged, in 2037 federal health-care would cost close to 10% of GDP, up from 5% now. The debt is then expected to rise to nearly 200% of GDP.