U.S. on track to add $12 trillion to national debt by 2029 unless Washington changes course

Washington has been drowning in red ink for years and it’s only going to get a lot worse over the next decade, a fresh government estimate shows. The U.S. is likely to add $12 trillion in public debt from 2020 to 2029 through a combination of higher government spending and slower economic growth, according to the Congressional Budget Office. That’s on top of the $16.6 trillion the government is expected to owe to the public at the end of 2019.
Read more: https://www.marketwatch.com/story/us-on-track-to-add-12-trillion-to-national-debt-by-2029-unless-washington-changes-course-2019-01-28?source=Snapzu