Rep. David Schweikert warns U.S. debt could exceed 160% of GDP by 2035, above the roughly 154% level where federal debt models start to fail. He says the U.S. is borrowing $7 billion a day, with total debt at $39.77 trillion.
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Rep. David Schweikert warns U.S. debt could exceed 160% of GDP by 2035, above the roughly 154% level where federal debt models start to fail. He says the U.S. is borrowing $7 billion a day, with total debt at $39.77 trillion.
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