National Debt Swells by $1.42 Trillion in FY2016, More Than Expected – By Gary D. Halbert
The Congressional Budget Office (CBO) reported that the federal budget deficit for fiscal year 2016 was a whopping $588 billion, up from $439 billion in FY2015. The CBO projects the deficit to rise to almost $600 billion in FY2017. That is bad enough. Yet the Treasury Department quietly reported that the national debt exploded by…
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