Tuesday, August 25, 2009
US National Debt to Double
The United States national debt is expected to double within the next 10 years. America's debt currently stands at around $11 trillion and is therefore likely to reach $20 trillion. The forecasts could significantly damage or affect the healthcare and economic reforms that President Obama is trying to establish. Despite this, the White House and the CBO both believe that the country's debt will begin to decline within the next three years.