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Federal Debt to be 90% of US' GDP by 2020

http://www.washingtontimes.com

President Obama's fiscal 2011 budget will generate nearly $10 trillion in cumulative budget deficits over the next 10 years, $1.2 trillion more than the administration projected, and raise the federal debt to 90 percent of the nation's economic output by 2020, the Congressional Budget Office reported Thursday.

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Renniks's picture
Created by Renniks 4 years 4 weeks ago – Made popular 4 years 3 weeks ago
Category: Economics   Tags:

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