Part 3/11:
As of now, the national debt exceeds $36 trillion, surpassing 117% of GDP. This alarming figure stands in contrast to the situation experienced by many nations with similar levels of debt, which often leads to economic crises. Yet, many economists contend that the U.S. holds a unique position, allowing it to manage higher levels of debt. One key question arises: Is this debt indeed unsustainable?
With refinancing costs set to rise due to soaring interest rates, the feasibility of managing the debt becomes less certain. The challenge is to establish whether leveraging assets such as Dogecoin (referred to colloquially as “Doge”) is a valid remedy to address this economic issue or merely a politically convenient solution to a made-up crisis.