Caspian Report
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US National Debt, Part 3: Consequences
Posted
November 25, 2018
Views
81,055
Likes
2,912
Comments
372
Engagement
4.05%
November 25, 2018
81,055
2,912
372
4.05%
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BAKU - The US budget deficit for the fiscal year 2018 hit 779 billion USD, which is 17 percent more than the year before. Much of the increase is pegged to Trump’s recent legislations. Moreover, the Congressional Budget Office expects the federal deficit to eclipse 1 trillion USD in 2020, which would generate about 9,5 trillion USD in debt over the coming decade. Yet, as substantial as this sounds, the United States is neither at risk of default nor can it continue to spend with impunity.
Soundtrack:
Decisions by Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 3.0
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