GREY:NWSKF - Post by User
Comment by
sueronon Sep 17, 2013 11:41am
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Post# 21745702
RE:Gold's worst days are coming (I'm hoping different)
RE:Gold's worst days are coming (I'm hoping different) U.S. debt now about 73% of GDP, CBO says
WASHINGTON (MarketWatch) - The U.S. national debt is now about 73% of gross domestic product, the
Congressional Budget Office said Tuesday. The percentage of debt is higher than any point since around World War II, and twice the percentage it was at the end of 2007, the nonpartisan agency said in its long-term budget outlook. If current laws stay in place, debt will decline "slightly" relative to GDP over the next few years, the agency said. But it warned that growing future deficits will push the debt to 100% of GDP 25 years from now.