When Trump was elected in November 2016, I forecast that US debt would continue to double every 8 years on average, as it has done since Reagan become president. That would lead to $28 trillion debt by 2021 and $40 trillion by 2025.
Well, it seemed quite unrealistic back in 2016 that the US would average over $2.5 trillion deficit in the ensuing 8 years to 2025. Judging by current forecasts, it looks like debt will “only” be $25 trillion in 2021.
But as tax revenues decline and spending increases, I would not be surprised to see That would mean a doubling of the debt from 2017 which is in line with the historical trend of a 100% increase every 8 years.