๐ฐ US Debt: A Concerning Ceiling
๐ The national debt of the United States now exceeds $36.2 trillion.
๐ฏ Debt/GDP ratio: 123% โ a record in peacetime.
๐ฅ By 2025, interest alone will cost $776 billion, which is 1/6 of the federal budget.
โ ๏ธ Moodyโs recently downgraded the US rating to Aa1, citing an increased risk of default if the ceiling is not raised by October.
๐ฌ Such a massive debt, a danger or a controllable economic lever?
Your opinion ๐