POPA ReconUS debt pressures are becoming more acute than ever:
US debt pressures are becoming more acute than ever: Total US public debt outstanding is now just ~$1 trillion below the current statutory debt ceiling of $41.1 trillion. Meanwhile, US government debt-to-GDP has surged to ~125%, near an all-time high, and up from ~100% in the years immediately following the Global Financial Crisis. Once the debt ceiling is reached, the Treasury cannot legally issue new debt to fund government operations, forcing it to rely on so-called “extraordinary measures,” accounting maneuvers that temporarily create additional borrowing capacity, until Congress raises…
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