US debt projections for 2034 indicate a worrisome trend, reaching 123% of GDP.
And that's assuming:1) No recessions – that will spike gov't spending for 1-2 years (COVID, 2008, etc).2) No tax cuts (Tax Cuts & Jobs Act).3) No new spending bills (Inflation Reduction Act). And, that also assumes 2-3% debt costs, not 5-6%. — Spencer Hakimian (@SpencerHakimian) April 30, 2024 The US national debt reached roughly $34.5 …
