Global $91 Trillion Debt Crisis Looms as Politicians Dodge 'Hard Choices' The world is facing an unprecedented $91 trillion government debt crisis, nearly equivalent to the global economy’s size. This massive debt, partly due to pandemic-related costs, threatens living standards even in wealthy nations like the United States. Despite warnings from the International Monetary Fund and growing investor concerns, politicians worldwide are largely avoiding addressing the issue, especially in election years. The situation is leading to increased market anxiety, with investors demanding higher yields on government bonds. This crisis may necessitate difficult decisions regarding tax increases and spending cuts, potentially impacting economic stability and risking a new financial crisis if left unaddressed. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts New York Community Bancorp Stock Halted After Big Plunge READ MORE Rising Interest Rates Challenge Long-Standing Pro-Debt Economic Policies READ MORE Gold Milestone: Standard Gold Bar Hits $1 Million Mark READ MORE US Housing Market Shows Life, Yet Overvaluation Clouds Recovery, Fitch Reports READ MORE Biden Administration Erases $1.2 Billion in Student Debt for 150,000 Americans READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment