The U.S. debt could bring down the global economy!

An imminent debt crisis looms over the world’s leading power, threatening to trigger a financial storm with global consequences.  Some analyses from the Congressional Budget Office (CBO) reveal that this debt is expected to reach a dizzying peak by 2030. Should this trajectory of the American economy shake confidence in the  dollar as a reserve currency?

American Economy: The Dizzying Escalation of Debt

The figures released by the CBO are chilling. By the end of the decade, the American public debt is expected to skirt around 106% of the GDP, a level unprecedented since 1945. However, this spiral is not new. It has its roots in the successive administrations’ spendthrift budget policies. It begins with the generous tax cuts granted by Trump. Moreover, the economic stimulus plans launched by Biden have considerably deepened the deficit.

If American debt continues on this…