Federal Debt Ballooning

78%

“The nation’s federal debt is now projected to balloon to ‘unprecedented levels’ over the next 30 years, if policymakers fail to change laws, potentially pushing the country into the risk of a ‘fiscal crisis,’ the nonpartisan Congressional Budget Office said in a new report Tuesday,” CNN reports. “Federal debt is expected to rise from 78% of GDP in 2019 to 92% percent in 2029 and 144% in 2049, the most ever in history.”

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