"Some form of crisis is almost inevitable": Regulators warn that the $38 trillion national debt will soon grow faster than the US economy itself. Image credit: Nick Lichtenberg $SENT {spot}(SENTUSDT) A worrying new warning released Thursday by the Committee for Responsible Federal Budget (CRFB) states that the US national debt has reached a precarious milestone of 100% of gross domestic product (GDP), pushing the US onto a path that could trigger six different types of fiscal crises. #Binance #MEME With the national debt now practically equivalent to the size of the US economy, the nonpartisan regulator's latest report, "What Will a Fiscal Crisis Look Like?", paints a dangerous picture of the future. The report states: "If the growth rate of national debt continues to outpace economic growth, the United States may ultimately face a financial crisis, an inflation crisis, a deflationary crisis, a currency crisis, a default crisis, a gradual crisis, or a combination of these crises. Any one of these crises would cause enormous chaos and significantly lower the living standards of people in the United States and around the world." #United States #Economy The report warns that unless policymakers develop a "thoughtful deficit reduction plan to promote economic growth," disaster is likely imminent. The report concludes: "The United States is heavily indebted, and its fiscal situation is on an unsustainable long-term trajectory." The report notes that while it is "impossible" to predict when disaster will occur, without corrective measures, "some form of crisis is almost inevitable." #FinancialNews