The Risk of a US Debt Crisis

The US national debt has surpassed $33 trillion, potentially leading to a debt crisis. Billionaire investor Ray Dalio warns that high debt levels could spark a balance sheet recession and slow down economic growth. There is a risk of government shutdowns and the need to address the issue of excessive borrowing, as historically, the US has been kicking the can down the road instead of addressing the problem. The increasing debt poses significant challenges, including rising interest rates and potential bankruptcy increase. It is crucial to have a solid plan and take action to manage the risk.