(Worthy News) – The national debt this year will jump to the highest level since 1950 relative to the size of the economy, the Congressional Budget Office reported Tuesday.
The agency projected that the debt held by the public will rise 3 percentage points to 77 percent of U.S. gross domestic product by the end of fiscal year 2016 in September.
Debt has not hit that ratio since 1950, when the government was still in the middle of paying down the debt it incurred paying for World War II. [ Source ]
17
people are currently praying.
đĄ Did you know? One of the best ways you can support
Worthy News is by simply
leaving a comment and sharing this article.
đ˘ Social media algorithms push content further when thereâs more engagement â
so every đ like, đŹ comment, and đ share helps more people discover the truth. đ
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.
