IMF: U.S. can’t grow out of $1 trillion annual interest burden
The International Monetary Fund warned that economic growth alone won’t eliminate the roughly $1 trillion in annual interest payments on U.S. debt.
The International Monetary Fund said Wednesday that the United States cannot grow its way out of a debt load that is costing taxpayers more than $1 trillion a year in interest. The IMF’s assessment warns that relying on economic growth alone will not erase the large annual interest payments on U.S. debt.