From a report:
Deficits and debt are headed for dangerously high levels. If we continue current policies, the federal debt will skyrocket from 53 percent of the gross domestic product (GDP) at the end of fiscal year 2009 to more than 300 percent of GDP in 2050. That would be almost three times the existing record (which was set when the debt reached 110 percent of GDP at the end of World War II) and would threaten significant harm to the economy. (See Figure 1.) In addition, under current policies, the annual budget deficit is projected to exceed 20 percent of GDP by 2050.
Someone has to take a stand.
A Year After the Revolution, Bangladesh Grapples With Frustration
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There are concerns about the slow pace of change in the country, with a
promised election still months away, a struggling economy and familiar
problems per...
2 hours ago
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