Published On Oct 15, 2023
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In the past decade, the US government has doubled its debt from $16 trillion to $32 trillion, with $10 trillion added in just the last four years. This escalating debt raises concerns as it now equals 100% of the US GDP, a level significantly higher than the average for developed economies. The rising interest rates on US government debt and investor concerns about a potential default are further indicators of the challenging financial landscape ahead, suggesting a need for the government to address its spending and revenue imbalance to avoid a potential crisis.
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DISCLAIMER: This video is for entertainment purposes only. We are not financial advisers, and you should do your own research and go through your own thought process before investing in a position. Trading is risky; best of luck!
