'War Economy' Angle on Debts Risks 'Creative' Solutions: Mike Dolan
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The US is facing a $34.5 trillion debt crisis, with the debt-to-GDP ratio at an all-time high. Possible solutions include economic growth, spending cuts, increased taxes, or defaulting on debt. Rising interest expense on the debt could trigger a market shutdown. Local governments should prepare for less federal funding. The US is vulnerable to a market shock due to unchecked debt accumulation. Escalating inflation and spending could lead to a recession. The national debt impedes economic growth and undermines investors' faith. The debt-to-GDP ratio is projected to reach 116% in 10 years. The persistence of growth and inflation is due to demand stimulus from deficits. A 'war economy' rationale is used to justify heavy spending. The central bank may play a role in ensuring debt sustainability and growth. #DebtCrisis #EconomicGrowth #MarketShutdown #FiscalPolicy #Recession #NationalDebt #Inflation #DemandStimulus #WarEconomy #CentralBank...

#newstr #PublicDebt #FiscalPolicy #DebtSustainability #EconomicGrowth #FederalReserve #CongressionalBudgetOffice #InterestRates #Inflation #InternationalMonetaryFund #UsTreasury #CentralBank 

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