How serious is the U.S. federal debt situation?

https://preview.redd.it/ew65563wvgjd1.png?width=609&format=png&auto=webp&s=e3d11b11d97afddd2ab2b2630e6afd00d9fa9f8e

Net interest expenses on U.S. federal debt as a percentage of GDP are projected to nearly triple the share of defense spending by 2054.

By 2054, net interest expenses are expected to reach 6.3% of GDP, while defense spending will account for 2.3% of GDP.

For comparison, since 1973, net interest expenses have averaged only 2.1% of GDP, which is just one-third of the projected 2054 amount.

Meanwhile, nominal interest payments are forecasted to reach a MASSIVE $1.7 trillion by 2034, which is 2.6 times higher than the $658 billion recorded in 2024.

Calling it a debt crisis is an understatement.

submitted by /u/XGramatik
[link] [comments]

Make a post in our subreddit XGramatikInsights, and your thoughts will appear here!

Share the Post:

Related Posts