Soaring US National Debt to Reach Double Annual GDP by 2050

Soaring US National Debt to Reach Double Annual GDP by 2050

WASHINGTON (Sputnik) – US national debt will double annual Gross Domestic Product (GDP) in a quarter century and will grow faster than the domestic economy, driven by huge and growing Medicare and Social Security deficits, the Government Accountability Office (GAO) warned in a new report.

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