It will be the end of the world as we know it if the federal government does not reform its fiscal ways, according to the Congressional Budget Office’s recent Long-Term Budget Outlook. The results from this year’s report, particularly the extended alternative fiscal scenario, are even worse than last year’s. The alternative fiscal scenario projects non-interest expenditures to reach 26.1% of GDP in 2037. This surpasses last year’s gloomy outlook in which CBO projected expenditures to reach 25.0% of GDP in 2035. Historically, non-interest expenditures have averaged about 19%. Alarmingly, CBO projects debt held by the public, which excludes trust fund debt like Social Security, will be 199% of GDP in 2037, up from 69% in 2011.