Next Big Future: US is within days of $20 trillion in national debt
Federal outlays were projected to rise by 6 percent in 2016 —to $3.9 trillion, or 21.2 percent of GDP. That increase is the result of a nearly 7 percent rise in mandatory spending, a 3 percent increase in discretionary outlays (which stem from annual appropriations), and a 14 percent jump in net interest spending.
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WNU Editor: And it looks like it is going to get worse .... What are conservatives doing voting to increase debt by $9 trillion? (Sacramento Bee).
Update: The U.S. national debt clock is here.
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- Editor's Note
World News Briefs -- September 23, 2016
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