Coronavirus Debt to Exceed World War II Record

“The Congressional Budget Office now expects that the coronavirus will push the federal debt to the highest level in history, exceeding the previous record set during World War II,” the Washington Examiner reports.

“Taking into account the trillions of dollars in new spending and the economic downturn caused by the coronavirus and related shutdowns, CBO expects the U.S. to add $5.8 trillion to the debt in the next two years, bringing the debt to 108% of GDP by the end of 2021.”