US National Debt Projected to Reach $50 Trillion, Warns CBO
The Congressional Budget Office (CBO) predicts that the US national debt will exceed $50 trillion within the next ten years, reaching $54.4 trillion by the end of 2034. Currently standing at $34.22 trillion, this projection suggests a staggering increase of $20.180 trillion in just a decade.
Billionaire Paul Tudor Jones Sounds the Alarm on “Debt Bomb”
Hedge fund billionaire Paul Tudor Jones has issued a warning about an impending “debt bomb” explosion in the US. According to Jones, while the economy may appear to be functioning well, it is actually running on excessive borrowing and spending. The government’s massive debt problem is propping up consumption and economic activity in an unsustainable manner.
The Timing of the Collapse
Jones emphasizes that it’s only a matter of time before the weight of the government’s debt burden causes an economic collapse. The exact timing is uncertain, but it could happen this year or within the next few years. Jones believes that productivity gains may temporarily mask the problem, but ultimately, the current path is unsustainable.
Source: Midjourney
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