balance
While America’s trade deficit has long been a topic of concern, it’s often misunderstood. In fact, the trade imbalance is increasingly seen as a structural feature of the U.S. economy—partly offset by a surplus in services and investment income.
However, the cumulative national debt, now exceeding $37 trillion, paints a more troubling picture. It’s not just a financial statistic. It’s a potential destabilizer of the entire global financial system.
With nearly $9.2 trillion maturing in 2025 and annual interest payments approaching $1 trillion, the U.S. faces growing risks. According to Bloomberg simulations, there’s an 88% chance that the current fiscal trajectory is unsustainable.
Unlike trade deficits, which may be tolerated within current economic structures, massive government debt undermines investor confidence, pressures public budgets, and could trigger systemic instability worldwide.
Given these figures, isn’t this more serious than the trade deficit?