National Debt Clock

Wednesday, December 16, 2009

A Call to Action to Stem the Mounting Federal Debt

Over the past year alone, the public debt of the United States rose sharply from 41 to 53 percent of gross domestic product (GDP). Under reasonable assumptions, the debt is projected to grow steadily, reaching 85 percent of GDP by 2018, 100 percent by 2022, and 200 percent in 2038.

Interesting article, don't agree with all the recommendations, but the analysis is scary.

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