#us-federal-debt
#us-federal-debt

[ follow ]

Your political polarization is the reason for our $38 trillion national debt, top economist says: 'it's deeply debilitating' for 'consensus and stability and productive policy results' | Fortune

Polarized U.S. politics prevent credible fiscal discipline, trapping fiscal policy and driving federal debt above $38 trillion (over 100% of GDP).

U.S. federal debt is rising toward roughly 143% of GDP by 2030, surpassing Italy and Greece due to tax cuts and expanded federal spending.

GDP growth and tariffs alone cannot eliminate U.S. federal debt, which is about $37.4 trillion and roughly 100% of GDP in 2025.

U.S. faces a potential debt-induced fiscal crisis within about three years driven by rising deficits, tax cuts, and soaring interest costs.

[ Load more ]