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March 27th, 2010 5:51 pm
Federal Debt to be 90% of GDP by 2020
Posted by Print

So says the Congressional Budget Office:

President Obama’s fiscal 2011 budget will generate nearly $10 trillion in cumulative budget deficits over the next 10 years, $1.2 trillion more than the administration projected, and raise the federal debt to 90 percent of the nation’s economic output by 2020, the Congressional Budget Office reported Thursday.

Ready to buy gold?

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