Business
U.S. debt now equals the whole economy — and tax cuts since 2001 added over $10 trillion
CRAYON summary
Fortune reports that U.S. debt now equals the size of the whole economy, and that tax cuts enacted since 2001 have added over $10 trillion to it. The piece cites an analysis of CBO data by the Center for American Progress, which finds that without these tax cuts the debt-to-GDP ratio would be decreasing.
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Chronological.
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U.S. debt now equals the whole economy — and tax cuts since 2001 added over $10 trillion
An analysis of CBO data by the Center for American Progress finds that without these tax cuts, the debt-to-GDP ratio would be decreasing.
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