Part 1/8:
Understanding the Looming Debt Crisis in the U.S.
The concept of a "debt spiral" is critical when examining the financial health of any entity, whether it be a corporation or a government. The term describes a self-reinforcing cycle of increasing debt that often leads to a financial crisis. In the last few years, particularly following the Great Financial Crisis of 2008 and the COVID-19 pandemic, discussions have intensified surrounding the United States' escalating national debt and the potential for a significant credit event.