What The Presidential Election Might Mean for Interest Rates
South State Correspondent
JULY 29, 2024
In short, CBO projects that in 2029 the US debt, as a percentage of GDP, will exceed its previous high (from WWII), and will sour to 166% of GDP in 2054, and continue to increase thereafter. As federal borrowings increase, those borrowings crowd out (reduce) capital available for private investments.
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