US Debt Soars, Raising Global Financial Concerns | JQJO

The US national debt has reached $37 trillion, fueled by recent tax cuts. This has led to a weakening dollar and increased borrowing costs, raising concerns about the long-term sustainability of US debt. Experts like Ray Dalio warn of potential consequences, including drastic spending cuts, tax hikes, increased money printing (leading to inflation), or even a US default, which could trigger a global financial crisis. The current political trajectory, however, seems to be exacerbating the issue.