Stimulus Helps Double U.S. Debt
The Washington Examiner has a new article out about a report from the Congressional Budget Office (CBO) which finds that President Obama’s stimulus nearly doubled U.S. Debt.
“According to CBO projections, before Obama’s stimulus became law, federal debt equaled 36 percent of GDP and was projected to decline slightly over the next few years. Instead, thanks in large part to the stimulus, debt reached 62 percent of GDP by 2010.”
Read the full article here.