At the end of that 10-year projection, President Biden’s budget increases our gross national debt to nearly $53 trillion. The national debt held by the public would be $45 trillion—a nearly $20 trillion increase from 2023.
A different projection of the national debt released in February by Treasury Secretary Janet Yellen, indicates that over the next seventy-five years, the national debt will be greater than five-times the economic output of the United States (debt-to-GDP ratio). Secretary Yellen’s report states “[t]he continuous rise of the debt-to-GDP ratio indicates that current fiscal policy is unsustainable.”
A different projection of the national debt released in February by Treasury Secretary Janet Yellen, indicates that over the next seventy-five years, the national debt will be greater than five-times the economic output of the United States (debt-to-GDP ratio). Secretary Yellen’s report states “[t]he continuous rise of the debt-to-GDP ratio indicates that current fiscal policy is unsustainable.”
At the end of that 10-year projection, President Biden’s budget increases our gross national debt to nearly $53 trillion. The national debt held by the public would be $45 trillion—a nearly $20 trillion increase from 2023.
A different projection of the national debt released in February by Treasury Secretary Janet Yellen, indicates that over the next seventy-five years, the national debt will be greater than five-times the economic output of the United States (debt-to-GDP ratio). Secretary Yellen’s report states “[t]he continuous rise of the debt-to-GDP ratio indicates that current fiscal policy is unsustainable.”
0 Comentários
0 Compartilhamentos
390 Visualizações