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U.S. debt approaching 100% of GDP

May 15, 2010 politisite 0

So when does one stop spending and cut back? The U.S. national debt will soon reach 100% of GDP, the IMF predicts in a new report. The following graph shows the sharp rise in U.S. debt starting in around 2006. By 2015, the IMF suggests, debt could reach well over 100% of GDP. The IMF predicts that the U.S. would need to reduce its structural deficit by the equivalent of […]