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The US’s $33 trillion debt mountain may not be as bad as it seems.
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There are some misconceptions surrounding the national debt, according to experts.
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Still, economists say debt problems could arise in the future given the current rate of spending.
America’s ginormous debt mountain may look like a dire problem for the country, but there are some common misconceptions, experts say, about what the growing debt pile means.
The national debt just blew past $33 trillion for the first time ever, thanks to years of frenzied spending following the pandemic. And that debt load is likely to soar even higher – potentially reaching $50 trillion within the next 10 years, according to a projection from the Congressional Budget Office.
It may spell trouble ahead for the US, especially in the context of rising interest rates. But experts say that there are major…
