Cantor: Necessary infrastructure and a national infrastructure bank: perfect together | Long Island Business News ...Middle East

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Listen to this article We have a growing national debt problem. Since 2016, the national debt has grown from $19.6 trillion to $33.2 trillion in 2023, a staggering $13.6 trillion or 70%. As the government adds $1 trillion of debt every three months, the total national debt will nearly double from 2016 to $38 trillion by the end of 2025. This matters because government spending fueled by debt has become a larger part of the gross domestic product, growing from 103.9% of GDP in 2016 to 120.6% in 2023. Both factors are not good for the domestic economy. An increasing national debt that funds growing federal budget deficits, saps the economy of private investment capital as the debt serv

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