evidence: America’s mountain of debt is poised to climb to new heights later this decade even after Republicans and Democrats reached a deal to chip away at the federal deficit. [...] The projection comes despite the bipartisan debt ceiling deal hailed by its backers as a major deficit reducer. The CBO has previously said that package, called the Fiscal Responsibility Act of 2023, is expected to reduce federal deficits by $1.5 trillion over the next 10 years. In 2029, debt held by the public will total about $36 trillion, or $104,300 per person, according to the Committee for a Responsible Federal Budget, a non-profit public policy organization. That’s up from $25.4 trillion in debt today. Over the longer term, US debt is forecasted to explode further.