Parabolic Rise in National Debt Predicted For America
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The U.S. economy is in for a rocky road ahead if the national debt skyrockets as predicted. Such a move could follow the lifting the debt ceiling, which has just been tentatively agreed upon. Alarm bells have started ringing for economists and analysts following an agreement to suspend the U.S. federal debt ceiling. U.S. National Debt Crisis Deepens On May 29, professional trader and market analyst Mati Greenspan commented on the removal of the debt limit: “If this bill passes, the US government will have unlimited spending power for the next year and a half. This chart is about to
This week, the U.S. national debt surpassed $35 trillion for the first time ever. Moreover, America has added around $12 trillion in federal debt since 2020. To put it into perspective, the U.S. has added an average of $280 billion of federal debt every month since January 2020. The country…
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