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Fact of the Day

April 28, 2010 at 8:50 PM
BY
CBPP

If we continue current policies, the federal debt will skyrocket to almost three times the existing record by 2050. That’s from 53 percent of the gross domestic product (GDP) at the end of fiscal year 2009 to more than 300 percent of GDP in 2050. The existing record was set when the debt reached 110 percent of GDP at the end of World War II.


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