๐จ The $38.5 Trillion Warning! ๐บ๐ธ๐ธ
Fed Chair Jerome Powell sounds alarm: US national debt hits $38.5 trillion, and the trajectory is "unsustainable" ๐คฏ. Daily debt additions: $8 billion ๐ธ. Interest payments to surpass $1 trillion this year โ more than the defense budget! ๐ค
The writing's on the wall: debt's outgrowing economy, leaving US vulnerable to shocks. "We're borrowing from future generations... unsustainable fiscal path." โ Jerome Powell ๐
Congress needs to act! ๐ค Next Fed Chair faces massive challenge managing economy drowning in debt. ๐ฅ
The Bigger Picture
The US debt crisis isn't just numbers โ it's a ticking time bomb. With Powell's term ending May 2026, the next Fed Chair inherits a tough hand. Debt service is one of the biggest budget line items. What happens next? ๐ค
Possible Scenarios
- Congress takes action, tackles the debt
- Economy gets shaken by debt burden
- Interest rates stay high, affecting growth
The clock's ticking! ๐ฌ #USTreasury #DebtCrisis #Fed
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