‘Debt ceiling increase = inflation increase = Federal Reserve Interest rate hikes = higher mortgage & car loan costs = higher food/gas prices = decrease in wage value… It’s all connected. If Gov’t spending isn’t cut, your family’s spending will be’

Debt Explodes Under Alternative Scenarios

The Congressional Budget Office’s (CBO) new ten-year budget projections estimate that debt will reach a record 119 percent of Gross Domestic Product (GDP) by the end of Fiscal Year (FY) 2033, and the reality could be far worse if lawmakers extend various provisions, based on new estimates from CBO.

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