With the U.S. Debt Spiral, There's No Easy Way Out

The fiscal year 2024 is already signaling a debt disaster for the U.S., with last year’s $1.7 trillion debt increase likely just the beginning. With deceptive accounting, the reality is probably worse, potentially a 100% rise from the previous year. As interest rates climb, America’s massive $33 trillion national debt could spiral out of control, forcing the government into a perilous cycle of austerity, increased borrowing, and relentless inflation. Despite claims of a robust economy, plummeting tax revenues hint at a looming recession that could send deficits skyrocketing, trapping the country in an unsustainable financial vortex.