The Growing Concern of Federal Debt in a Shifting Economy As the new year begins, the U.S. grapples with a daunting $34 trillion federal debt, surpassing the country’s annual economic output. This situation, a result of tax cuts by Republicans and expansive climate and health initiatives by Democrats, along with pandemic relief efforts, marks a significant shift from the previous decade. Once deemed manageable due to low interest rates and inflation, this debt is now viewed with increased concern. Moody’s recent downgrade of U.S. debt outlook to “negative” and Treasury Secretary Janet Yellen’s admission of potential sustainability issues underscore this change in perspective, echoed by economist Paul Krugman’s call for serious deficit reduction. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Bull Market Gains Momentum as Latest Inflation Data Surprises READ MORE Goldman Sachs CEO Sees Bright 2024 as Markets Rally READ MORE Gold Eyes All-Time High as Silver and Copper Find Support READ MORE Fund Managers Shy Away from Gold Despite Record Prices READ MORE Poland’s 50/50 gold buying: 50 tonnes bought over 3 months, but another 50 tonnes to go READ MORE Add a Comment Cancel replyYour email address will not be published.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