The U.S. National Debt is a growing concern, now at levels comparable to those seen during World War II. This short explainer video from WSJ breaks down what it means for the economy and us.

Key Takeaways:

• Opportunity Cost: High government debt diverts investment from productive sectors [02:23]
• Interest Payments: A large portion of government spending goes towards payment of interest, now surpassing even military spending [03:15]
• Crisis Threshold: Publicly held debt exceeding 175% of GDP could potentially trigger a full-blown crisis [03:43]

Thankfully, the WSJ analysis also offers solutions to address these issues: Addressing the burgeoning debt requires significant spending cuts and revenue increases, including reforms to Social Security, Medicare, and current tax policies [06:41], if any one in Government is listening.

#NationalDebt #Economy #EconomicCrisis #Government