reuters.com
US Borrowing Expected to Rival Europe’s Most Indebted States, Says IMF | Euronews by Una Hajdari
The US marks the steepest rise
The United States will see the steepest increase among major advanced economies when it comes to debt-to-GDP ratio, according to the IMF.
From 2023 to 2030, general government gross debt will climb from 119.8% of GDP in 2023... See more
The US marks the steepest rise
The United States will see the steepest increase among major advanced economies when it comes to debt-to-GDP ratio, according to the IMF.
From 2023 to 2030, general government gross debt will climb from 119.8% of GDP in 2023... See more
Readwise highlights: Una Hajdari, x.com, and more
Yet America’s fiscal position is far more constrained today than ever before. The U.S. government is now in violation of Ferguson’s Law and is likely to move further beyond its crucial limit in the coming decades.
wsj.com
... See moreCongress can manipulate baselines, set fake expiration dates, and ignore their own budget rules—but they can't repeal the laws of economics or math. Deficits will continue to rise—from $1.8 trillion today to a projected $3.6 trillion in a decade. Another $25 trillion in 10-year borrowing will push interest rates higher and bury the budget under