(Editor’s Note: The following opinion column does not constitute an endorsement of any political party or candidate on the part of Newsmax.)
With no thanks to profligate government spending, the more than $28 trillion national debt now equals the nation’s entire GDP, with the nearly $2 trillion 2024 budget alone accounting for 7% of GDP.
According to Congressional Budget Office projections, that public debt owed by you, me and our children will top $50 trillion by 2035, amounting to about 122% of GDP.
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