Summary
THE FEDERAL GOVERNMENT IS NOW BORROWING one of every $5 it spends. And the nonpartisan experts at the Congressional Budget Office expect the government will borrow $5 trillion during the next 10 years.
That's more than half again the size of the current budget, and double what the country now raises in taxes a year.See the full content of this document
Extract
Nobody Wants to Fight Against Deficit
For this year - ending at the end of this month - the deficit will be about $422 billion. It's the biggest ever in dollars, e...
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