"The Congressional Budget Office released its latest projections for the budget and the economy for the next 10 years.
...The headline of this report is that the federal debt held by the public as a percentage of GDP is expected to hit 96% in 2028...
- High Interest On The Debt A Problem
If interest rates increase and the interest payments on the debt grows exponentially because the debt is increasing, other important functions of government will have their budgets squeezed, not to mention the increased burden placed upon tax payers..."
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