Dave Ramsey would be incredibly disappointed with the United States’ financial debt balance — which sits at $31.4T. The US is about to run out of money — and a US debt default would jeopardize tens of billions of dollars in Social Security benefits, federal salaries and Medicaid payments. Goldman estimated that hitting the ceiling…
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The U.S. risks defaulting on its loans as it runs out of cash
The US government is at risk of defaulting on its debts (being unable to pay its bills), possibly impacting millions of Americans and sending the market into chaos. What’s the big deal? The US relies on debt to fund government spending and its borrowing binge has led to a $28.4T debt load. After a surge…
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