Posted 3/15/2024, 5:28:39 PM
U.S. Debt Soaring, IMF Warns Current Trajectory is Unsustainable
- U.S. national debt increased by over $474 billion since January 1st, 2022
- Ex-IMF official warns U.S. is on an dangerously unsustainable financial path
- U.S. running high deficits even during a period of economic strength
- Congressional Budget Office projects debt levels reaching 125% of GDP, surpassing WWII levels
- Ex-IMF official warns dollar crisis, high inflation or bond vigilantes could occur if trajectory continues
