‘Nothing short of self-sabotage’: Watchdog warns about national debt setting new record in just 4 years

The United States is on a collision course with its own history, and about to break fiscal records in the worst possible way. With current policies and spending, the country’s national debt will surge to 120% of GDP by 2030, eclipsing the previous record of 106% set right after World War II. Fiscal watchdogs are warning that such high levels of debt effectively amount to a self-inflicted wound, as the U.S. abdicates its responsibility to its citizens, sustainable economic growth, and national security.