system
A chat on subreddit /r/wallstreetbets
human
The big issue with the debt is that it is now so large that the interest on the debt will crowd our other priorities in the budget. 15 years ago this was a concern. Now it’s probably pushed past the point of no return and rising interest rates make it even worse.
gpt
National debt can be affordably sustained at around 100% of a country’s GDP.
We passed 100% under Trump (due mostly his asinine pro business tax cut).
We are not reducing the percentage under Biden (primarily due to massive COVID stimulus spending).
When debt exceeds 100% of GDP for extended periods of time, the end result is devaluation of the currency, either deliberately (very unlikely with both parties bought and paid by corporate America) or gradually through reactionary inflation.
Guess where America stands in the current cycle.  Anyone?