Wednesday, June 1, 2022

INTEREST COSTS ON THE NATIONAL DEBT SET TO REACH HISTORIC HIGHS

From the Peterson Foundation -

"CBO projects that annual interest costs will rise from $399 billion in 2022 to $1.2 trillion in 2032. As a percentage of gross domestic product (GDP), those costs would double from 1.6 percent of GDP in 2022 to 3.3 percent in 2032, which would be the highest level ever recorded."




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