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CBO Forecasts $84T Avalanche of New Debt Over Next 30 Years

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Feb 11, 2019 3:06 PM 2+ mon ago

CBO Forecasts $84T Avalanche of New Debt Over Next 30 Years

In Foreign Affairs, economists Jason Furman and Lawrence Summers take on "deficit fundamentalists" and assert that it's time for Washington to put away "its debt obsession."

In the past two years, the President and Congress have enacted $2.5 trillion in tax cuts and another $2.5 trillion in higher discretionary spending (assuming both are fully extended over the decade). Annual budget deficits are about to surpass $1 trillion and are on their way to $2 trillion within a decade. The national debt has more than doubled from $10 trillion to $21 trillion since 2008, and is projected to surpass $37 trillion within the next decade. Over the next 30 years, the Congressional Budget Office (CBO) forecasts an $84 trillion avalanche of new debt.

And against that backdrop, Republicans are proposing even more tax cuts, while leading Democrats are proposing a staggering spending spree that would cost $42.5 trillion over the decade, and $218 ...

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spectator.org     8+ mon ago

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CBO Highlights Troubling Debt in 10-Year Forecast

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Congressional Budget Office Director Keith Hall (shown above right) warned of unsustainable debt and other issues on Monday while highlighting a newly released economic forecast. ...

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wnd.com     9+ mon ago

CBO: U.S. debt will almost equal economy by 2028 Will then likely surpass historical high reached in 1946 Published: 2 mins ago (Washington Post) Government debt is on track to hit historically high l...

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Republican plans to make President Donald Trump's tax cuts permanent for individuals and many private businesses would worsen an already rising U.S. debt burden, congressional researchers said on...

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SHANGHAI/BEIJING (Reuters) - Ford Motor plans to launch more than 30 new models in China over the next three years of which over a third will be electric vehicles, the U.S. automaker said on Wednesday...

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cnbc.com     1+ mon ago

President Donald Trump declares a national emergency at the U.S.-Mexico border during remarks about border security in the Rose Garden of the White House in Washington, February 15...


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politicalwire.com     9+ mon ago

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upi.com     2+ mon ago

Jan. 24 (UPI) -- Maintenance and modernization for the U.S. nuclear arsenal over the next decade is expected to cost nearly $500 billion, the Congressional Budget Office said in a report Thursday. Th...

An avalanche of debt

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libertyunyielding.com     2+ mon ago

An avalanche of debt The government is not supposed to run a budget deficit during periods of economic growth. Even under Keynesian ...

CBO Forecast: Cloudy With a Chance of Debt

spectator.org     8+ mon ago

The clouds, actually, have never been so dark. The Congressional Budget Office (CBO) released its annual budgetary forecast this week. The Washington, D.C. weathermen say storm clouds approach. Under ...

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www1.cbn.com     9+ mon ago

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washingtontimes.com     9+ mon ago

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zerohedge.com     9+ mon ago

Here is Hansen s forecast. The dark red overlay is actual surface temperatures reported and there is even a controversy surrounding them that they have been constantly skewed higher to not look lik...

CBO Highlights Troubling Debt in 10-Year Forecast

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thepoliticalinsider.com     2+ mon ago

Congressional Budget Office Director Keith Hall (shown above right) warned of unsustainable debt and other issues on Monday while highlighting a newly released economic forecast. ...

Man shoots friend over 30$ debt

freerepublic.com     8+ mon ago

Man shoots friend over 30$ debt Posted on HEADLINES ..A local man shot and killed his neighbor over a 30$ debt- Reads the local head line. The local fish wrap reported Mr. A went t...

CBO: U.S. debt will almost equal economy by 2028

wnd.com     9+ mon ago

CBO: U.S. debt will almost equal economy by 2028 Will then likely surpass historical high reached in 1946 Published: 2 mins ago (Washington Post) Government debt is on track to hit historically high l...

CBO Warning: U.S. Debt Will Surpass GDP by 2030

trunews.com     9+ mon ago

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CBO: Federal Debt Headed for Highest Levels Since WWII

newsmax.com     9+ mon ago

Republican plans to make President Donald Trump's tax cuts permanent for individuals and many private businesses would worsen an already rising U.S. debt burden, congressional researchers said on...

Ford to launch more than 30 new models in China over next three years

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news.yahoo.com     2+ week ago

A Ford Focus car with smart vehicle technology is seen at a product launching event in Shanghai, China April 3, 2019. REUTERS/Yilei Sun SHANGHAI/BEIJING (Reuters) - Ford Motor pla...

Ford to launch more than 30 new models in China over next three years

oann.com     2+ week ago

SHANGHAI/BEIJING (Reuters) - Ford Motor plans to launch more than 30 new models in China over the next three years of which over a third will be electric vehicles, the U.S. automaker said on Wednesday...

Ford to launch more than 30 new models in China over next 3 years

reuters.com     2+ week ago

SHANGHAI/BEIJING, April 3 (Reuters) - Ford Motor plans to launch more than 30 new models in China over the next three years of which over a third will be electric vehicles, the U.S. automaker said on ...

Ford to launch more than 30 new models in China over next three years

reuters.com     2+ week ago

A Ford Focus car with smart vehicle technology is seen at a product launching event in Shanghai, China April 3, 2019. REUTERS/Yilei Sun SHANGHAI/BEIJING (Reuters) - Ford Motor plans to launch more th...

CBO: Ballooning national debt could hurt U.S. economy, increase likelihood of crisis

nbcnews.com     9+ mon ago

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Trumps budget will project 3% GDP growth over the next few years     defying consensus forecasts

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cnbc.com     1+ mon ago

President Donald Trump declares a national emergency at the U.S.-Mexico border during remarks about border security in the Rose Garden of the White House in Washington, February 15...

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msn.com     5+ mon ago

The Organisation for Economic Co-operation and Development (OECD) warned that superbug infections will kill around 2.4 million people across Europe, North America and Australia by 2050 unless more is ...

Antibiotic resistance to 'kill 90,000' in Britain over the next 30 years

telegraph.co.uk     5+ mon ago

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worthynews.com     9+ mon ago

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Utah Avalanche Center begins issuing daily forecasts, warns avalanche danger is high Thanksgiving weekend

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fox13now.com     4+ mon ago

SALT LAKE CITY -- The Utah Avalanche Center said in a statement that while incoming weather will bring much needed snow to northern Utah's mountains, it also increases dangerous ba...

Does corporate debt mountain pose avalanche risk?

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france24.com     3+ mon ago

...

Cricket South Africa forecasts R654m loss over 4 years

ewn.co.za     5+ mon ago

Currently, CSA's major sources of income stem from broadcast deals, sponsorship, and International Cricket Council funding. CAPE TOWN - Cricket South Africa (CSA) told the parliamentary sports portfo...

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msn.com     5+ mon ago

CAPE TOWN - Cricket South Africa (CSA) told the parliamentary sports portfolio committee that they project a loss of R654 million in their next four-year financial cycle. CSA operates on a four-year ...

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Woman frees herself 30 minutes after avalanche in New Zealand

cbsnews.com     5+ mon ago

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cnn.com     9+ mon ago

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tbo.com     7+ mon ago

Fueled by more people, Florida s economic prospects look good over next 30 years Florida's economy should be in good shape in 30 years, fueled by a steady stream of...

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