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Title : U.S. National Debt To Surpass $78 Trillion By 2028
link : U.S. National Debt To Surpass $78 Trillion By 2028
U.S. National Debt To Surpass $78 Trillion By 2028
Mike Patton, Forbes: National Debt To Surpass $78 Trillion By 2028: What It Means For AmericansThe coronavirus pandemic pushed the government into the proverbial corner, prompting it to borrow heavily from the future to ward off a serious threat today. Without this intervention, the U.S. economy would be in a much worse recession or possibly even a depression. Even though borrowing excessively may have been the lesser of two evils, the burgeoning debt will have ramifications in the future. With the debt approaching $27 trillion, and projected to rise to $78 trillion by 2028, it will present significant challenges. How has the national debt changed during past presidential administrations? How will a Biden or Trump win in November impact the future? How will the current fiscal crisis affect future taxation?
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WNU Editor: Here is an easy prediction. Future generations are going to hate us for giving them this massive obligation.
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Mike Patton, Forbes: National Debt To Surpass $78 Trillion By 2028: What It Means For Americans
The coronavirus pandemic pushed the government into the proverbial corner, prompting it to borrow heavily from the future to ward off a serious threat today. Without this intervention, the U.S. economy would be in a much worse recession or possibly even a depression. Even though borrowing excessively may have been the lesser of two evils, the burgeoning debt will have ramifications in the future. With the debt approaching $27 trillion, and projected to rise to $78 trillion by 2028, it will present significant challenges. How has the national debt changed during past presidential administrations? How will a Biden or Trump win in November impact the future? How will the current fiscal crisis affect future taxation?
Read more ....
WNU Editor: Here is an easy prediction. Future generations are going to hate us for giving them this massive obligation.
The coronavirus pandemic pushed the government into the proverbial corner, prompting it to borrow heavily from the future to ward off a serious threat today. Without this intervention, the U.S. economy would be in a much worse recession or possibly even a depression. Even though borrowing excessively may have been the lesser of two evils, the burgeoning debt will have ramifications in the future. With the debt approaching $27 trillion, and projected to rise to $78 trillion by 2028, it will present significant challenges. How has the national debt changed during past presidential administrations? How will a Biden or Trump win in November impact the future? How will the current fiscal crisis affect future taxation?
Read more ....
WNU Editor: Here is an easy prediction. Future generations are going to hate us for giving them this massive obligation.
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