Posted on 01/26/2016 11:59:07 AM PST by TigerClaws
The federal government will be flirting with $30 trillion in debt within a decade, the Congressional Budget Office reported Monday, blaming an aging population, new spending and tax cuts approved on Capitol Hill, and the growing burden from Obamacare for erasing the progress Washington had made over the past few years.
Analysts said Obamacare will chase more workers out of the labor force over the next five years, adding pressure to an economy still struggling to spring to life more than seven years into the Obama recovery.
(Excerpt) Read more at washingtontimes.com ...
FED SHOULD convert ALL DEBT to 30 year bonds NOW at about 3%
That would at least put off the problem for 5-10 years.
Hopefully, in this time we can get control of Govt spending!!
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