Richard Haass, the president of the Council on Foreign Relations, and other economists have sounded the alarm about the U.S. national debt, stating that it poses a significant threat to the country’s security and global standing.
Top Economists Weigh In On Mounting Debt
Haass highlighted the potential dangers posed by the $38 trillion national debt. In an exclusive interview with Fortune, he warned that this could lead to a “national security crisis,” with the debt already impacting the country’s ability to allocate resources effectively.
Haass outlined two potential scenarios: the first one, a dramatic “cliff” scenario triggered by a failed Treasury auction or geopolitical coercion, and a quieter but still dangerous second scenario where the debt continues to rise, squeezing defense budgets and weakening …
Full story available on Benzinga.com
Richard Haass, the president of the Council on Foreign Relations, and other economists have sounded the alarm about the U.S. national debt, stating that it poses a significant threat to the country’s security and global standing.
Top Economists Weigh In On Mounting Debt
Haass highlighted the potential dangers posed by the $38 trillion national debt. In an exclusive interview with Fortune, he warned that this could lead to a “national security crisis,” with the debt already impacting the country’s ability to allocate resources effectively.
Haass outlined two potential scenarios: the first one, a dramatic “cliff” scenario triggered by a failed Treasury auction or geopolitical coercion, and a quieter but still dangerous second scenario where the debt continues to rise, squeezing defense budgets and weakening …
Full story available on Benzinga.com
Richard Haass, the president of the Council on Foreign Relations, and other economists have sounded the alarm about the U.S. national debt, stating that it poses a significant threat to the country’s security and global standing.
Top Economists Weigh In On Mounting Debt
Haass highlighted the potential dangers posed by the $38 trillion national debt. In an exclusive interview with Fortune, he warned that this could lead to a “national security crisis,” with the debt already impacting the country’s ability to allocate resources effectively.
Haass outlined two potential scenarios: the first one, a dramatic “cliff” scenario triggered by a failed Treasury auction or geopolitical coercion, and a quieter but still dangerous second scenario where the debt continues to rise, squeezing defense budgets and weakening …Full story available on Benzinga.com Read MoreDonald Trump, Elon Musk, Government, News, Ray Dalio, Politics, Econ #s, Economics, Markets, News, Government, Politics, Econ #s, Economics, Markets, Benzinga Markets
