National debt is now approaching $4 trillion, the latest national economic outlook says.
The United States government has spent more than the total gross domestic product (GDP) of the next five richest countries combined, which is about $2 trillion, according to the most recent World Bank data.
That is a jump of more than 5 percent from the previous year.
The outlooks are based on the assumption that GDP will grow by an annual rate of 3.6 percent in the year ahead.
It is forecast that GDP in 2020 will be about $3.8 trillion, up from $3 billion in 2020.
But the U.S. has not yet recovered from the Great Recession.
The U.K. and the U,S.
have seen their economies recover faster than the U of S, which has experienced its worst recession since World War II.