Monday, March 20, 2017

And this doesn't count municipal debt!-----Top 10 Reasons Why the National Debt Matters

Top 10 Reasons Why the National Debt Matters:
"Here are the top ten reasons why fiscal and economic issues should be at the forefront of the 2017 policy conversation...

  • Deficits will grow significantly in coming years. CBO projects that the budget deficit will climb from $559 billion in 2017 to $1.4 trillion in 2027, resulting in a cumulative 10-year deficit of $9.4 trillion.
  • Interest costs are growing rapidly. Interest costs are projected to climb to $768 billion by 2027 and total $5.2 trillion over the next 10 years. In just over a decade, interest will become the third largest category of the budget. With our many important budget priorities, none of us wants interest to become the third largest government “program.”...
Read on!

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