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A Debt Spiral and US Financial Collapse in the 2030s

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If DOGE fails to cut US deficit then what is potential timeline for a U.S. economic collapse similar to the Soviet Union's (USSR), given a current national
The article from NextBigFuture discusses the potential for a U.S. financial collapse in the 2030s due to a spiraling national debt. It highlights that the U.S. national debt has surpassed $34 trillion, with interest payments alone reaching $1 trillion annually. The piece warns that if current trends continue, the debt could grow to $50 trillion by 2030, exacerbated by rising interest rates, an aging population increasing entitlement costs, and political gridlock preventing fiscal reforms. The author, Brian Wang, suggests that without significant changes in policy or economic growth, the U.S. might face a severe economic crisis, potentially leading to a default or a drastic devaluation of the dollar. He also mentions the possibility of technological advancements or geopolitical shifts, like AI-driven productivity boosts or a new global reserve currency, as potential mitigators or exacerbators of the situation. However, the overall tone is one of caution, urging for proactive measures to avoid a catastrophic economic scenario.

Read the Full NextBigFuture Article at:
[ https://www.nextbigfuture.com/2025/02/a-debt-spiral-and-us-financial-collapse-in-the-2030s.html ]