US Debt Spiralling Out of Control, Why it’s Big for Crypto

Over the next decade, the Congressional Budget Office predicts US government debt will rise to levels not seen since the 1940s. The irresponsible fiscal policy is another example of the current system’s shortcomings when compared to immutable crypto assets.
With the government forecast to spend $1 trillion more than it collects in taxes each year, the institution sees debt held by the public reaching 98 percent of GDP by 2030. Some believe such policies make widespread adoption of a global