US Debt Crisis Worsens as Watchdog Warns of Market Shock on Nostr: 'Phantom Debt' from 'Buy Now, Pay Later' Schemes Adds to US Debt Crisis ...
'Phantom Debt' from 'Buy Now, Pay Later' Schemes Adds to US Debt Crisis
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#7b8e26cc ver:0.66
The US is facing a dire debt crisis, with over $34 trillion in debt and projections of doubling within 30 years. The high debt and deficit spending have contributed to inflation and pose significant risks to the economy. Despite warnings from institutions like the IMF, there is no plan in place to address the crisis. Raising taxes and reducing the budget deficit are potential solutions, but immediate action is needed. The mounting debt and rising inflation present a contrasting reality to claims of economic growth. The government's interest expense on its debt has surpassed $1 trillion, and the rising debt numbers could trigger a market shutdown. Additionally, there is a "phantom debt" of $700 billion from "buy now, pay later" schemes that goes unrecorded. It's crucial for voters to push both parties to address the growing debt crisis. #DebtCrisis #USDebt #Inflation #EconomicGrowth #BuyNowPayLater...
#newstr #UsDebtCrisis #BuyNowPayLater #PhantomDebt #EconomicDevelopment #GovernmentFunding
https://here.news/story/7b8e26cc?ver=0.66
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#7b8e26cc ver:0.66
The US is facing a dire debt crisis, with over $34 trillion in debt and projections of doubling within 30 years. The high debt and deficit spending have contributed to inflation and pose significant risks to the economy. Despite warnings from institutions like the IMF, there is no plan in place to address the crisis. Raising taxes and reducing the budget deficit are potential solutions, but immediate action is needed. The mounting debt and rising inflation present a contrasting reality to claims of economic growth. The government's interest expense on its debt has surpassed $1 trillion, and the rising debt numbers could trigger a market shutdown. Additionally, there is a "phantom debt" of $700 billion from "buy now, pay later" schemes that goes unrecorded. It's crucial for voters to push both parties to address the growing debt crisis. #DebtCrisis #USDebt #Inflation #EconomicGrowth #BuyNowPayLater...
#newstr #UsDebtCrisis #BuyNowPayLater #PhantomDebt #EconomicDevelopment #GovernmentFunding
https://here.news/story/7b8e26cc?ver=0.66