CBO: Projected Record Debt Per Capita Threatens Economic Growth

Press Release

"This report paints a dire picture of the far-reaching implications of our fiscal status quo. If we don't get serious about reining in spending, reducing annual budget deficits and bringing down the debt, the country will end up spending more on interest payments than the programs that actually benefit Americans. The government is not a bottomless money pit, despite the way Democrats are operating, and this report is an alarm to reverse course. Failure to act will have significant negative consequences for American households and the economy at large."

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