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US CBO sees public debt hitting 181% of GDP in 20 years

US government debt will roughly double in the next 20 years, according to the Congressional Budget Office.They see public debt at 181% of GDP on the current trajectory versus 98% currently.Last month, Stanley Druckenmiller made an impassioned plea to get US debt under control, with massive entitlement payments to come.These CBO numbers don't account for what will almost-surely require huge spending on Social Security and Medicare. This article was written by Adam Button at www.f... Read More

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Posted: Jun 28 2023, 18:15

Author Name: forexlive

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