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A critical choice looms: if the government resorts to printing more money to settle debts, the repercussions would include inflation and a potential loss of trust in the dollar. In the aftermath, markets could panic and lead to a vicious cycle of higher interest rates and increased debt burdens.
Conclusion: The Path Forward
Moving forward, the US faces a complicated economic landscape marked by rising national debt and interest payments. While the country will likely not default immediately, failure to control the burgeoning debt could lead to a gradual crisis, undermining financial stability.