The GT likes to make political points, and US debt is fair game. But, maybe they have a point ...

  • America's debt burden is the real red flag that can no longer be ignored.
  • In 2019, global corporate defaults … Of the defaulting issuers, 77 are based in the US, accounting for 66 percent.
  • US … federal government's outstanding public debt surpassed $23 trillion for the first time in history
  • If you add in state and local debt, corporate debt, home mortgages, credit cards, student loans and other debt, then the total US debt is about 330 percent of GDP,

And, the piece goes on with more. Link here if you are interested.