The Congressional Budget Office projects that if we keep spending the way we have been, federal debt held by the public will
...
grow from around 60 percent of GDP to a whopping 82 percent of GDP over the next decade, with no end in sight. That’s the sort of borrowing that can ruin a country's economy.
Conservative Republicans are happy to talk about cutting spending on the poor, education, and cowboy poetry readings, but they insist that spending on defense and homeland security be increased.
Comments