America is on the verge of bankruptcy: the debt-to-GDP ratio has reached 200%, and each citizen now owes more than $100,000.
America’s debt-to-GDP ratio is reaching 200%, with every citizen having over $100,000 debt. This burden is putting upward pressure on interest rates, affecting future economic prospects and shifting government spending away from investments benefiting future generations.
As Donald Trump runs for a second term, the United States faces a debt catastrophe, with the national debt nearing $36 trillion. Experts expect that the debt-to-GDP ratio will reach 200% in the future years, posing a threat to the economy. Trump’s proposal to reduce government expenditure, led by Elon Musk and Vivek Ramaswamy, may face obstacles due to rising interest rates and rising debt payment expenses, affecting both domestic policy and the country’s economic destiny.