Wednesday, February 06, 2013

CBO: Debt to increase $7 trillion by 2023

CBO: Debt to increase $7 trillion by 2023 | The Daily Caller
"“With such deficits, federal debt would remain above 73 percent of GDP — far higher than the 39 percent average seen over the past four decades,” says the CBO.
Economists commonly recommend that the debt-to-GDP ratio should not exceed 60 percent. It currently exceeds 70 percent."

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