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joi, 9 februarie 2017

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FixTheDebt




Odorica,
Did you know that President Trump entered the White House with the highest national debt as a share of the economy than any President other than Harry Truman in 1945?
That’s just one indication that President Trump faces a serious debt situation that requires action. Our partners at the Committee for a Responsible Federal Budget assessed the state of play in a new study out today. Here are a few more key points to note:
  • Unlike the debt under President Truman, which began to fall rapidly shortly after World War II ended, debt is projected to rise continuously during Trump’s time in office and beyond.
  • Federal entitlement programs and interest currently represent a larger share of the budget than under any previous President, leaving relatively less room for defense and non-defense discretionary spending.
  • If in office for two terms, President Trump could face the insolvency of three major trust funds, and an additional one – the Social Security Old-Age and Survivors Insurance trust fund – soon after.
Read the full paper.
There’s no question the debt situation is bad and it will only get worse unless something is done. This is a time for leadership to fix the debt.
Sincerely,
Marc Goldwein
Campaign to Fix the Debt
P.S. Want more research and analysis like this? ...to get regular updates from the Committee for a Responsible Federal Budget.
1900 M St., N.W., Suite 850 Washington, DC 20036| Phone: 202-596-3597 | Fax: 202-478-0681
© 2017 The Committee for a Responsible Federal Budget and Fix the Debt Coalition, Inc. 
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