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Uncle Sam’s “Debt Crisis Is Coming Soon”

Summary:
– America’s “debt crisis is coming soon” warns economist Martin Feldstein – To avoid economic distress, the government has to reduce future entitlement spending – The most dangerous domestic problem facing America’s federal government is the rapid growth of its budget deficit and national debt According to the Congressional Budget Office, the deficit this year will be 0 billion, more than 4% of gross domestic product. It will surpass trillion in 2022.  The federal debt is now 78% of GDP. By 2028, it is projected to be nearly 100% of GDP and still rising. Click here to read full story on GoldCore.com.

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– America’s “debt crisis is coming soon” warns economist Martin Feldstein
– To avoid economic distress, the government has to reduce future entitlement spending
– The most dangerous domestic problem facing America’s federal government is the rapid growth of its budget deficit and national debt

Uncle Sam’s “Debt Crisis Is Coming Soon”

According to the Congressional Budget Office, the deficit this year will be $900 billion, more than 4% of gross domestic product. It will surpass $1 trillion in 2022. 

The federal debt is now 78% of GDP. By 2028, it is projected to be nearly 100% of GDP and still rising.

Click here to read full story on GoldCore.com.

Uncle Sam’s “Debt Crisis Is Coming Soon”

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