"Warning Signs: US National Debt Reaches Alarming Levels, Prompting Calls for Action"

A report from the Congressional Budget Office warns that the US national debt is projected to reach $141.1 trillion by 2054, representing 166% of GDP and posing significant risks to the fiscal and economic outlook. Experts, including Fed chairman Jerome Powell and CEOs from major financial institutions, are sounding the alarm on the pace of debt accumulation, predicting a future financial crisis and 10 years of economic stagnation if the issue is not addressed. While some economists believe a fiscal crisis is inevitable, others argue that public debt can be justified if invested in productivity-enhancing measures. Regardless, the consensus is that the public needs to be involved in the conversation, as the consequences of unchecked national debt will have lasting and severe effects on the economy and society.