US debt will equal 123% of GDP in 2034, per Bloomberg. Debt a | Financial World Updates

US debt will equal 123% of GDP in 2034, per Bloomberg.

Debt at that level would mean servicing costs reach close to 5.4% of GDP — more than 1.5 times as much as what the federal government spent on national defense in 2023, and comparable to the entire Social Security budget.

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