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America headed for bankruptcy: Debt-to-GDP ratio crosses 200%, every citizen now has a debt of over $100,000

By Economic Times - 8 hours ago
As Donald Trump returns for a second term, the US faces a debt crisis with national debt reaching $36 trillion. The growing burden threatens the economy, with experts predicting a 200% debt-to-GDP ratio in the coming years. Trump’s plan to cut government spending, led by Elon Musk and Vivek Ramaswamy, could face challenges due to rising interest rates and growing debt servicing costs, impacting both domestic policies and the nation’s economic future.

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