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‘Excessive’ Biden budget plan would cause national debt to hit nearly $51 trillion by 2033

Por: New York Post Business March 10, 2023

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The US national debt will balloon by nearly $20 trillion over the next decade under the spending outlined in released on Thursday. Under Biden’s budget plan for fiscal 2024, the gross national debt would surge to nearly $51 trillion as of the year 2033 — up from its current level of roughly $31.5 trillion. The federal debt as a share of US gross domestic product (GDP) would , up from 98% this year – shattering a dubious record that has... + full article



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