#USNationalDebt
The US national debt exceeds $34 trillion: Where is the economy headed?
The national debt of the United States has surpassed $34 trillion, a historic figure that raises concerns for both investors and policymakers. This massive increase is attributed to multiple factors, the most notable being rising government spending, funding wars, and substantial economic stimulus during crises like the COVID-19 pandemic.
As high interest rates persist from the Federal Reserve, the burden is compounded, with an increasing portion of the budget allocated just for interest payments. This could pressure spending priorities such as education and health, raising the likelihood of future crises.
And although the dollar remains the global reserve currency, the rising debt threatens the confidence of global markets in the long term. The current situation requires prudent fiscal policies and serious reforms in spending and revenues to avoid larger crises that could impact the US and global economy.
Do you think this crisis is solvable? Share your opinion 👇
