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Extreme Worrying as Tax Bill Balloons U.S. Debt

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Extreme Worrying as Tax Bill Balloons U.S. Debt

30dB.com research shows that when social media discusses The Us Debt, people used these words: , surpasses, turbulent, surges, deficiencies, deficits, a major, a strong, easy, default, shy, slower, deficit, outstanding, stops, fears, has downgraded, strong, and risk, highest, is greater than, to dump, a problem for, bad, burden, downgraded, i liked, is correct, refusal, retaliate, stopped, support, sustainable, was less, will collapse, worry, against, agree, attention to, be sure, breaking. Based on our research, see the crowd's opinion and sentiment on The Us Debt . The data was collected from samples of comments made on the Internet through 04/09/2018. You can intereact with the polling data and see actual excerpts of opinions we've gathered.Use the search box to enter topics, terms, and/or names to see the latest trends and opinion polls on news, sports, politics, entertainment, celebrities, hashtags, products, electronics and more. Opinion polls are updated several times every day on every topic.

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Republicans have been praising their tax cut bill as the chief legislative achievement of 2017, promising that it will put more money into the pockets of Americans of all income brackets. That’s up for debate, but what’s not up for debate is the effect the bill will have on the U.S. debt, something the Right was in a full panic about during the Obama Administration. A recent Congressional Budget Office report confirms that the tax cuts aren’t exactly going to pay for themselves: The cumulative deficit will be $1.6 trillion more than expected in the next decade, and by 2028 the national debt will be 96 percent of GDP. That percentage hasn’t been seen since World War II. The solution to the problem, according to Republicans, is to slash social welfare programs. The House is considering a vote on a balanced-budget amendment that would trigger cuts to programs including Social Security and Medicare. Meanwhile, Treasury Secretary Steve Mnuchin is confronting questions about the possibility of China reducing its investment in U.S. debt amid rumblings of a trade war. Lately, both sides have dialed back their tariff threats a bit, but China holds a bargaining chip in the form of $1.2 trillion in Treasury bonds. While Mnuchin says he’s “not concerned about that,” Social is concerned about the current situation: Over the past 90 days, “The US Debt” has a 23 percent positive score. –Alex Shultz, Image: USdebtclock.org



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