"Blockbuster Report: America's National Debt to Soar to $141T by 2054, Leaving Severe and Irreversible Scars"

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Source: Yahoo Finance
"Blockbuster Report: America's National Debt to Soar to $141T by 2054, Leaving Severe and Irreversible Scars"
Photo: Yahoo Finance
TL;DR Summary

A report warns that the US national debt could reach $141 trillion by 2054, representing 166% of GDP, and leading to severe economic consequences including a financial crisis, higher interest payments, and risks to fiscal and economic outlook. Experts are divided on the urgency of the issue, with some calling for immediate action to prevent irreversible damage, while others believe that fiscal stimulus and productivity-enhancing measures could mitigate the impact of the growing debt.

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