compete over who can be more fiscally irresponsible and that's a very dangerous game. >> narrator: all of this has real-world consequences on your wallet in the u.s. economy as a whole. considered the scum of the government debt as a percentage of our gross domestic product is about 77%, just two years ago, it was 73%. this is the apportioned debt economists say is held by the public, bonds on the open market that determine interest rates. by that measure, our debt is projected to rise to 89% of gdp within the decade. by 2035, the congressional budget office predicts it will rise to an all-time record of 106% of gdp, exceeding the all-time high set in world war ii. >> bret: the debt limit does not authorize new spending limits that just allows the government to fund existing budget obligations that congress and president and both parties have already made. the trump administration laid