Gunny
11-21-2022, 11:56 AM
Rather hypocritical that if we handled our finances the way the Government handles our finances, we'd be in jail and they cruise right along to their next appointment with deficit spending :rolleyes:
But the government is accountable to the people. Right?:rolleyes:
The U.S. Congressional Budget Office released projections in May (https://www.cbo.gov/publication/57950) that the national debt will hit 110% of U.S. Gross Domestic Product by 2032. Now, with interest rates higher and GDP growing more slowly, a leading budget group has released more dire projections.
The Committee for a Responsible Federal Budget raised the alarm, saying that the federal debt will be 116% of GDP in 2032 but could even reach as high as 138% of GDP in 10 years. The group said that “costly legislative and executive actions” have worsened the debt to GDP ratio since CBO’s May estimate.
https://www.thecentersquare.com/national/national-debt-to-gdp-ratio-worse-than-cbo-estimates-group-says/article_e6822214-6999-11ed-a7d4-6759f24f4b55.html
But the government is accountable to the people. Right?:rolleyes:
The U.S. Congressional Budget Office released projections in May (https://www.cbo.gov/publication/57950) that the national debt will hit 110% of U.S. Gross Domestic Product by 2032. Now, with interest rates higher and GDP growing more slowly, a leading budget group has released more dire projections.
The Committee for a Responsible Federal Budget raised the alarm, saying that the federal debt will be 116% of GDP in 2032 but could even reach as high as 138% of GDP in 10 years. The group said that “costly legislative and executive actions” have worsened the debt to GDP ratio since CBO’s May estimate.
https://www.thecentersquare.com/national/national-debt-to-gdp-ratio-worse-than-cbo-estimates-group-says/article_e6822214-6999-11ed-a7d4-6759f24f4b55.html