Tag: US Public Debt
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US Public Debt Reaches Alarming Levels, Warns Congressional Budget Office
The nonpartisan agency’s latest 30-year outlook reveals a projected record-high public debt of 181% of American economic activity by 2053, compared to an estimated 98% by the end of the current budget year. The CBO has released a concerning report on the US government’s financial situation, indicating continuously rising deficits, increased government spending, and a…