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...
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Maroc - GREEKREPORTER.COM - A La Une - 28/Oct 07:44
US Debt Set to Soar Above Greece, the IMF Projects
The IMF’s projection that US general government gross debt will hit 143.4% of GDP by 2035, surpassing Italy (137%) and Greece (130%), marks a dramatic reversal of historical fiscal positions. This highlights the growing concern over the US’s record spending, widening deficits, and surging interest payments. The comparison is particularly striking because Greece’s high debt-to-GDP […]
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