Santiago Rodriguez

The Looming Threat of Excesive Debt on the US Economy

The U.S. economy has been experiencing a rising trend in its debt levels for several years now. This trend is a cause for concern, as the total debt in the U.S. economy is now more than 350 percent of the GDP, a level that is deemed completely unsustainable. As a result, most economists believe that a debt crisis is inevitable. However, what is not clear is what the next debt crisis will look like or how to see it coming. In this article, we will examine the factors contributing to the growing U.S. debt burden, the potential consequences of excessive debt, and the ways in which we can address this looming threat.