Why America’s $31.4T debt is a disaster

Why America’s $31.4T debt is a disaster

America’s debt equals greater than $94,000 per individual, and the federal government pays $1B each day in curiosity. “That cash is coming in a foreign country, popping out of our tax {dollars},” says Michael Peterson, CEO of the Peter G. Peterson Basis, “cash that might in any other case be spent that we will not spend,” and what’s worse is “the trajectory we’re on going ahead.”