please review the projected levels of federal debt and provide insights based on the CBO please review the projected levels of federal debt and provide insights based on the CBO??s Budget Outlook. Federal Debt Held by the Public Under CBO?s Extended Baseline Solution Figure shows that public debt was not high up to the 2008, but after the recession govt was impelled to make the heavy expenditure to reduce the negative repercussions of recession. Economy started towards the normalization and hence govt has considerable reduced its expenditure after the 2013. Further projection shows that govt would reduce its expenditure by the 2015-16 and govt debt would be reduced and it is expected to stabilize at this level. .

1. please review the projected levels of federal debt and provide insights based on the CBO
please review the projected levels of federal debt and provide insights based on the CBO??s
Budget Outlook. Federal Debt Held by the Public Under CBO?s Extended Baseline
Solution
Figure shows that public debt was not high up to the 2008, but after the recession govt was
impelled to make the heavy expenditure to reduce the negative repercussions of recession.
Economy started towards the normalization and hence govt has considerable reduced its
expenditure after the 2013. Further projection shows that govt would reduce its expenditure by
the 2015-16 and govt debt would be reduced and it is expected to stabilize at this level.