Posted 4/2/2024, 10:03:00 PM
Simulations Warn of Unsustainable US Debt Path With Interest Payments Set to Triple
- Simulations show US debt is on an "unsustainable path" with 88% probability
- National debt could reach $54 trillion in the next decade due to aging population and rising healthcare costs
- Interest payments on debt projected to triple from $475B now to $1.4T in 2032
- Higher interest rates compounding pain of higher debt
- Debt-to-GDP ratio could reach 185% by 2050, risking US economic standing
