Finance Professor Says $34 Trillion in Federal Debt Could Trigger Meltdown, Derail the Next Administration

A finance expert is sounding the alarm over America’s growing debt, predicting the $34 trillion burden could trigger a meltdown as early as next year if more isn’t done to curb spending. According to Joao Gomes, a senior vice dean for research and academic initiatives at Wharton Business School at the University of Pennsylvania, the United States’ growing debt could upset global financial markets in 2025 should the next president announce a raft of expensive policies following an election win in 2024. “The lack of concern by the media and politicians about the U.S. Federal Debt is shocking,” he said in a March 3 post on social media platform X. “We can probably live with current levels. But not with its projected increases over the next 20 or 30 years. We need to be talking about this.”...