World’s Most Indebted Superpower? US Debt Set To Look Worse Than Italy, Greece; IMF Says Countdown Has Already Begun
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America’s debt spiral has reached a historic danger zone. The national debt has already crossed $38 trillion and is on track to hit 143.4% of GDP by 2035. With deficits staying above 7% and interest costs exploding, the world’s largest economy is heading toward its most perilous fiscal era in modern times.
