Manhattan Institute for Policy Research: New Report - Charting the Fiscal Future: $100 Trillion in Deficits Over 30 Years
November 20, 2020
November 20, 2020
NEW YORK, Nov. 20 (TNSRep) -- The Manhattan Institute for Policy Research issued the following news release:
Congress and the next administration face a large and growing federal debt. The Congressional Budget Office (CBO) estimates that federal debt will surpass 100% of GDP this year and reach 195% over the next 30 years. And even this scenario optimistically assumes no spending expansion, the 2017 tax cuts expire on schedule, and interest rates remain below normal.
As . . .
Congress and the next administration face a large and growing federal debt. The Congressional Budget Office (CBO) estimates that federal debt will surpass 100% of GDP this year and reach 195% over the next 30 years. And even this scenario optimistically assumes no spending expansion, the 2017 tax cuts expire on schedule, and interest rates remain below normal.
As . . .