Why US Debt Is Unsustainable and Destroying the Middle Class

Commentary
A skilled financial analyst and investor recently stated in a new social media post that the “debt is untenable” myth has existed for at least 40 years. What’s amazing to me is how the people who push this narrative not ask themselves,’ Why has it been responsible for so lengthy?'”
The idea that a world reserve currency issuer’s governmental imbalances may result in bankruptcy in the vein of Argentina is well-known. But, Argentina itself did not actually show signs of unsustainability as much. Hey, Argentina continues to exist, does n’t it?
When excess public debt puts a strain on fruitful growth, it causes the economy to experience constant inflation, slower productivity growth, and slower real wage growth. The state may continue to build up its unsustainable debt load as a result of the state’s own imposing of public debt on businesses ‘ balance sheets and the state’s desire to make the financial market the “lowest-risk asset” instead of the “lowest-risk asset” However, all of this is just a forced build imposed by law and regulation. Rising debts compresses the government’s dimensions in the economy and erodes its growth and productivity possible….

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