US will owe $30 trillion in national debt within a decade

According to a new federal report, US will owe $30 trillion in national debt within a decade if the country’s budget deficit continues to grow at the same rate and current tax laws remain in place. There is no sign that the deficit won’t continues to grow at the same rate… So we will see the $30 trillion soon.

The debt stood at $10.6 trillion when President Barack Obama took office in 2009.

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