CBO: Debt to Reach 109% of GDP by 2026, 200% by 2037

Tuesday, June 5th, 2012 and is filed under Debt, News

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Well, it looks like the debt deal that was supposed to solve our debt crisis last year did nothing to forestall the fiscal insolvency.  Remember that Greece collapsed when the share of public debt surpassed 100% of it’s economy.  According to the latest report from the CBO, our debt will reach 109% of GDP in just 14 years and 200% of GDP in 25 years.