Wednesday, January 25, 2017

4% Does Seem A Little Outlandish

Debt spike, sluggish growth predicted by Congressional Budget Office

The federal government will run another half-trillion-dollar deficit this year - and that's the good news. A still-sluggish economy and rising interest rates mean deficits will grow over the next decade, the Congressional Budget Office said in a new report Tuesday, adding another $10 trillion to the already exorbitant public debt. Unless something changes, within three…