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Old 04-18-2018, 08:59 AM
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finnbow finnbow is offline
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Congress’ recent moves to cut taxes and and boost spending is helping push the United States to new worldwide heights in terms of debt, according to a report released Wednesday.

The U.S. now has the dubious distinction of being the lone “advanced economy” country out of 35 nations that’s projected to have a higher gross debt-to-GDP ratio five years from now, according to the report from the International Monetary Fund.

“For advanced economies, debt ratios will be declining in almost all,” Vitor Gaspar, director of the IMF’s Fiscal Affairs Department, said in prepared remarks. “But one country stands out as an exception.”

The recent tax cuts and two-year budget agreement will provide a short-term boost to the U.S. economy — but will also help send the United States’ debt-to-GDP ratio from 108 percent in 2018 to 117 percent by 2023, the report said.


https://www.washingtontimes.com/news...ng-other-adva/

And this article comes from the avidly pro-Trump Washington Times.
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