
Chart of the Week: U.S. Federal Debt and the Fiscal Cliff
In just a little over a decade, the U.S. federal debt will exceed 100 percent of gross domestic product (GDP), an “economically damaging” level, according to analysis from The Heritage Foundation based on numbers provided by the U.S. Office of Management and Budget and the Congressional Budget Office. To the numbers: Fiscal year (FY) 2012 […]