National Debt to Skyrocket by 82 Percent in Next Decade


by The Heritage Foundation on Jan 19, 2016 | Views: 47 | Score: 0
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The Heritage Foundation
The Heritage Foundation on Jan 19, 2016 4:48 PM said:

Over the past 50 years, the federal debt has averaged 39 percent of gross domestic product (GDP). By the end of 2015, it had reached a whopping 74 percent of GDP, an increase of $337 billion compared to 2014. Over the next 10 years, CBO projects that figure to continue to rise and reach a sickening $23.8 trillion (86.1 percent of GDP) by 2026.