US needs $827 billion in cuts or tax hikes to curb debt

5 articles · Updated · Fortune · Apr 29

The report says action equal to 2.87% of GDP is needed to keep the debt-to-GDP ratio at 98%, its 2024 level, rather than let it double by 2054.
With national debt at $39 trillion, annual interest costs are expected to hit $1 trillion this year and outpace GDP growth within five years, raising debt spiral warnings.
The findings challenge claims that tariffs or “gold card” visas can close the gap, while proposed higher defence spending and a projected $1.9 trillion deficit add pressure.

With U.S. debt interest payments now exceeding military spending, is the nation trapped in an inescapable 'debt spiral'?

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