See how rising national debt affects you. You may be surprised.
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11 February 2016 - President Obama unveiled his fiscal year 2017 budget proposal on Tuesday. As his final budget, it is one of the last, best opportunities to leave a strong fiscal legacy. In January, we identified the Top 7 Ways President Obama Can Strengthen His Fiscal Legacy. Let’s look at how this budget meets these goals.
05 February 2016 - The latest official forecast predicts federal deficits and debt will increase this year and continue growing. National debt held by the public is expected to reach $14 trillion this year, which is equal to about $112,000 per American household, and will continuing growing. As our latest infographic illustrates, high and rising debt will affect us all.
27 January 2016 - The official budget and economic forecast from the non-partisan Congressional Budget Office shows that the era of declining deficits is over. And the already unsustainable national debt path is now even worse.
25 January 2016 - The non-partisan Congressional Budget Office (CBO) released its latest budget and economic forecast for the next decade, and it isn't pretty. The budget deficit is predicted to start growing again this year after a few years of decline. And the already grim debt projections are now even worse than before.