May 4, 2017 The U.S. has more flexibility with its debt than many other countries have.
While the United States currently has a substantial debt, it does not face the risk of default due to insolvency. The U.S. is a unique country given its outsized military power and economic strength, which makes it difficult to draw conclusions about its debt based purely on economic analyses of other countries. However, the U.S. will experience consequences if its debt burden continues to grow.
Interest expense will grow as the debt grows, and interest expense has a more immediate impact on government finances than the tota...
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