Thursday, August 03, 2017

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.
Image result for us debt meme

  1. 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.

  2. 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!


Anonymous said...

Would it be OK if I cross-posted this article to There is no fee; I’m simply trying to add more content diversity for our community and I enjoyed reading your work. I’ll bhe sure to give you complete credit as the author. If “OK” please let me know via email.


Jim Riley said...

Go ahead. Remember I didn't write it. Just excerpted and added photo.