The federal deficit is growing at alarming speed as the gap between GDP and debt becomes a...

|By:, SA News Editor

The federal deficit is growing at alarming speed as the gap between GDP and debt becomes a chasm, former Reagan budget director David Stockman says. Consider this, he says: Nominal GDP is only $100B higher than in Q3 2008, growing at only $4B/month while new federal debt has been growing at $100B/month.