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US public debt is projected to reach 181% of American economic activity in 30 years

Por: WPLG Local 10 Politics June 28, 2023

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WASHINGTON – The Congressional Budget Office is giving the world a concerning look at the U.S. government's ledgers: ever higher deficits, greater government spending and tax revenues that only begin to increase when existing tax cuts expire.The nonpartisan agency , released Wednesday, that publicly held debt will be equal to a record 181% of American economic activity by 2053. That compares with a projected 98% at the end of this budget... + full article



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