Growth Is Generally Answer to Budget Questions

According to a new CBO report, the federal debt is nearing its historic high. The debt is now 99% of GDP, and is projected to climb even higher in the next three decades. The last time the debt was this high was in 1946, after the end of World War II. This WW II debt was gradually reduced from a historic high over 100% of GDP to a historic low of 25% of GDP by 1975.