U.S Debt Headed To 200 Percent Of GDP

(The Hill) Even if the budget sequester is fully implemented, federal debt would still reach 200 percent of GDP within about 28 years. On top of that, the debt will continue to grow between now and 2022, and will accelerate significantly after that.

Debt is now projected to grow from 72 percent of GDP in 2012 to 87 percent in 2022, down only slightly from the 90 percent that was estimated before passage of the most recent deal. Many economists suggest keeping debt at or below 60 percent of GDP, with research showing that economic growth slows for countries that have debt levels exceeding 90 percent of economic growth. "Americans shouldn’t be under any false impression that our debt problems are behind us," Peterson said. Keep Reading Get The News The Liberal Media Refuses To Print! Input Your Primary Email Address Below And You'll Receive A Free Gift, Our Downloadable Report On The Cloward-Piven Strategy.       Privacy Policy: We respect your privacy and will not share your email address with ANYONE... PERIOD! Mouse Over The Green Icon To The Left To Share This Story On Your Favorite Social Media Sites. RELATED STORIES