HomeThe Looming Debt Crisis Is About To Unfold In AmericatbdThe Looming Debt Crisis Is About To Unfold In America

The Looming Debt Crisis Is About To Unfold In America

Total public debt has reached nearly $24 trillion in 2020. Is now the time to be concerned about the levels of debt the United States carries?

In this video, we will discuss the dangers of carrying large amounts of debt for extended periods of time.

Will the United States default on sovereign debt in the future? What happens if the U.S. cannot pay its debt?

Taking on debt during recessions seems to be a sensible option to stave off long-lasting recessions or depressions. Having said that, the United States continues to accumulate massive budget deficits during prosperous economic times as well.

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I am not a financial advisor. The ideas presented in this video are for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make.


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