“National Debt To Surpass $78 Trillion By 2028: What It Means For Americans”
August 20th, 2020So it goes…
Via: Forbes:
The coronavirus pandemic pushed the government into the proverbial corner, prompting it to borrow heavily from the future to ward off a serious threat today. Without this intervention, the U.S. economy would be in a much worse recession or possibly even a depression. Even though borrowing excessively may have been the lesser of two evils, the burgeoning debt will have ramifications in the future. With the debt approaching $27 trillion, and projected to rise to $78 trillion by 2028, it will present significant challenges.
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…with an already burgeoning debt, which is expected to grow substantially in the coming years, additional debt will create systemic problems which, at some point, may be impossible to escape.
