The current deficit policy is unsustainable, with debt-to-GDP projected to hit 531% by 2098.

From Investing.com: 2024-07-13 13:24:00

A joint report by the Department of Treasury and the OMB states that the current deficit policy is unsustainable, with debt-to-GDP projected to hit 531% by 2098. Fed speakers deny funding government debts, but fiscal dominance is a reality. With a rise in debt outstanding and interest rates, interest expense may surpass $1.65 trillion, exceeding other major expenditures. The Fed’s role in funding deficits is expected to continue, as shown by their growing SOMA portfolio. To address fiscal issues, the government must act quickly before social unrest and economic challenges worsen. Time is running out to address the growing deficit issue.



Read more at Investing.com: How Long Can Fed Sustain the Unsustainable?