📢#USNationalDebt WHAT WAS MISSING, A SMALL DEBT OF *37 TRILLION DOLLARS* OF THE USA😲😵
🔻The national debt of the United States has surpassed 37 trillion dollars, which represents more than 120% of its GDP.
This has raised concerns among economists and politicians about the sustainability of the debt and its impact on the global economy.
📌*Impact of the debt:*
- *Interest payments*: The United States pays more in interest on its debt than on defense, with an expenditure of 1.1 trillion dollars in interest in 2024.
- *Budget deficit*: The federal budget deficit is 2 trillion dollars, which increases pressure on the economy.
- *Debt burden per citizen*: Each American citizen carries a debt burden of approximately 107,982 dollars.
📌*Expert analysis:*
- Some experts, such as Treasury Secretary Scott Bessent, believe that stablecoins could help reduce the national debt by increasing demand for Treasury bonds.
- Others, like economist Peter Schiff, criticize the idea of using dollar-backed stablecoins, arguing that gold is a better store of value.
- Lyn Alden, a financial specialist, argues that an abrupt dollar crisis is unlikely and that the situation resembles more of a "slow-motion train" than a sudden explosion.
📌*Projections:*
- It is projected that the debt will rise to 37 trillion dollars by 2025 and could reach 57 trillion dollars by 2030 if the current pace is maintained.
- The Congressional Budget Office estimates that interest on the nation's debt could reach 1.8 trillion dollars by 2035.