CBO: ‘Large Debt Increases Risk of Fiscal Crisis, During Which … Government Would be Unable to Borrow…’ | CNS News: In its latest budget projections, released this month, the Congressional Budget Office warns that interest payments on the federal government's debt will more than double in the coming decade, that an expected increase in tax revenues to higher than average historical levels will not prevent the government’s persisting annual deficits from rising at the end of that period, and that the larger projected government debt will cause smaller American wages.
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