Tag: U.S. National Debt

Uncle Sam’s Wallet: The U.S. National Debt and Deficit

The Congressional Budget Office (CBO) announced that it projects the U.S. federal deficit to surpass $1,000,000,000,000.00 a year starting in 2020. Yes, that is 1 trillion dollars! This annual deficit is adding on to the already-staggering U.S. national debt every year, not to mention the interest that is also accumulating to service that debt. It’s […]