monsterarenamarblex|Comic Talks | Ballooning to stay afloat

super2024-08-03 20:32:3516Economics

By Liu Juan, Wei Xinyue, Zhao Yishen

monsterarenamarblex|Comic Talks | Ballooning to stay afloat

The Umonsterarenamarblex.Smonsterarenamarblex. federal government's total public debt has ballooned to 35 trillion U.S. dollars for the first time, making its debt-to-GDP ratio stand at 123.3 percent.

Is that sustainable for the White House to stay afloat by keep borrowing? What would happen if the debt balloon blasts?