RSSCommission warns of rising public debt
From: The Washington Times | December 14, 2009
The public debt of the United States is rising at such a rapid clip that it threatens to plunge the nation into a crisis unless Congress and the White House reverse course over the next couple years, a blue-ribbon commission of fiscal experts warned Monday. In the past year alone, the U.S. public debt level soared from 41 percent of gross domestic product (GDP) to 53 percent. The debt is projected to increase steadily, reaching 85 percent of GDP by 2018, 100 percent by 2022 and 200 percent in 2038, the Peterson-Pew Commission on Budget Reform reported in cooperation with ...
Filed Under The Wire
Content posted by users from other sites is posted for commentary and news purposes under fair use and each author is responsible for their own postings and a particular posting should not be construed as being endorsed by this site or its owner.
Please Note: The comments section is for both the registered users of this web site as well as non-registered users. All wishing to post comments must comply with our Commenting Rules or risk having their comments stricken. Comments do not necessarily reflect the views of the ownership of this site and should not be taken as such just because they are visible and posted here.
Leave a Reply
Loading ...Recommended Reading:
