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How old fashioned! CBO worries that U.S. government debt will hit 2 times GDP by 2050

The U.S. government’s debt will be almost twice the size of the U.S. economy by 2050, according to new projections from the Congressional Budget Office. That would be up from 98% this year and 79% in 2019. (The prior, pre-coronavirus forecast for 2050 debt in January was "just" 180%.) Low interest rates “indicate that the […]

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