Steadily Increasing Federal Debt

The Congressional Budget Office released its 2016 Long Term Budget Outlook today. The one sentence summary is devastating.

If current laws remained generally unchanged, the United States would face steadily increasing federal budget deficits and debt over the next 30 years—reaching the highest level of debt relative to GDP ever experienced in this country.

Even more troubling is to read the one sentence summary from prior years. Continue reading

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