The federal debt is headed for the highest levels since World War II, CBO says

Trump said he wouldn’t just reduce the debt, he’d eliminate it in 8 years…

‘Government debt is on track to hit historically high levels and at its current growth rate will be nearly equal in size to the U.S. economy by 2028, the Congressional Budget Office said Tuesday.

By the end of this year, the ratio of federal debt to the United States’ gross domestic product will reach 78 percent, according to the CBO, the highest ratio since 1950.’

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