Experts called the US debt «unbearable» for the government

Analysts say that US economic growth will not save the country from problems with a huge national debt, which currently amounts to $ 33 trillion.

By 2029, it is assumed that the ratio of public debt to US GDP will reach record values. Given the current high interest rates, servicing this debt may not be feasible.

Experts from the Peter G. Peterson Foundation argue that the country's debt will inevitably grow. This research organization, which studies the financial situation in the United States, notes that by the end of 2022, the debt-to-GDP ratio was 97%. It is expected that by the end of 2023 this figure will reach 98%, and by 2029 – 107%, which will be the highest figure in history. 

For comparison, after the Second World War in 1946, the debt-to-GDP ratio was 106%, but then fell due to favorable market conditions and the post-war economic boom.

According to forecasts, US GDP will grow by 5.4% in the third quarter. At the same time, the US government does not plan to cut the budget deficit in the near future and is preparing a new budget for the next fiscal year.