- America’s soaring national debt, now over $36.2 trillion, has triggered growing concern among economists and credit agencies like Moody’s, which recently downgraded the U.S. credit rating amid fears that economic growth won’t keep pace with rising debt and interest payments.
Economists have criticized politicians’ plans to reduce America’s national debt as too little, too late. But analysts are warning that the issue is now coming home to roost, with the once unshakeable confidence in the United States’ fiscal future beginning to erode.
