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Underwater: Will rising debt spark Pentagon cutbacks?
Defense News: The U.S. government’s annual budget deficit is set to grow to $1 trillion in 2020 and record levels afterward, part of a gloomy economic outlook from the nonpartisan Congressional Budget Office.
The report comes amid military spending increases to counter Russia and China, raising the question of how those increases are compatible with the 6-month-old GOP tax cuts and the huge deficits they’re expected to spawn.
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