Posted 3/15/2024, 4:04:00 PM
US Debt Spiral Raises Alarm of Potential Crisis Within 20 Years
- US debt growing at alarming pace, could double as a share of GDP in 20 years
- Markets could "break" if debt keeps mounting and investors worry about servicing costs
- US may lose ability to rely on China, Japan to buy Treasurys to fund spending
- Total interest costs on debt could hit new record by 2025, amount to $10.6 trillion over decade
- Billionaire Ray Dalio predicted eventual US debt crisis that could curb growth