CBO’s Analysis of US Government Deficits

“The Congressional Budget Office [CBO] released new projections of a worsening U.S. fiscal outlook…By the end of this year, the CBO said, cumulative federal debt will reach roughly 70% of gross domestic product…the highest level since just after World War II.[and] up from about 40% in 2008.”

Although the CBO report is problematic, this article shows the difference between budget deficits and total U.S. debt… and how the USA could be maxed out in less than a decade.

Video here.

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Filed under Economy, Finance, Political Risk

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