U.S. debt could reach 160% of GDP within decade, Scope warns - Yahoo Finance Australia
U.S. debt could reach 160% of GDP within decade, Scope warns - Yahoo Finance Australia
Source: Yahoo Finance Australia
―
DW NOTE
Scope's 160% projection treats debt accumulation as a forecasting problem. It's a political choice problem. The U.S. ran 6-7% deficits with the Strait of Hormuz closed, oil supply down 6%, and the 10-year at 5.24% — conditions that historically forced austerity everywhere else. Washington increased spending anyway. That's not a warning, it's a description of revealed preferences.