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by izend
446 days ago
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In CBO’s projections, the federal budget deficit in fiscal year 2025 is $1.9 trillion. Adjusted to exclude the effects of shifts in the timing of certain payments, the deficit grows to $2.7 trillion by 2035. It amounts to 6.2 percent of gross domestic product (GDP) in 2025 and drops to 5.2 percent by 2027 as revenues increase faster than outlays https://www.cbo.gov/publication/60870 IMO, 5%+ percent of gross domestic product (GDP) in a country with massive trade deficits is not sustainable. |
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Out of date!