Feds foresee $30 trillion debt, blame looming tax hikes and Obamacare

The federal government will be flirting with $30 trillion in debt within a decade, the Congressional Budget Office reported Monday, blaming an aging population, new spending approved on Capitol Hill, and the growing burden from Obamacare for erasing the progress Washington had made over the past few years.

Analysts said Obamacare will chase more workers out of the labor force over the next five years, adding pressure to an economy still struggling to spring to life more than seven years into the "Obama recovery".

Warning: Feds now foresee $30 trillion debt, blame looming tax hikes and Obamacare
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