US Debt Levels and Economic Policies of Biden and Trump

SOURCE finance.yahoo.com
Harvard professor warns that both Biden and Trump risk driving US debt to dangerous levels due to relaxed attitude towards debt and unrealistic expectations of ultra-low interest rates returning.

Key Points

  • Debt levels projected to reach 116% of US GDP by 2034
  • Volatility expected in inflation and interest rates
  • Potential political pressures on the Federal Reserve

Pros

  • Debt concerns highlighted for better economic planning
  • Analysis of potential risks and challenges with escalating debt levels

Cons

  • Relaxed attitude towards debt by political leaders
  • Potential negative impacts on inflation and interest rates