(PCC)Trump inherited America’s debt spiral, but he must defuse it or default will explode, creating a worldwide money vortex sucking nations down to oblivion!
With the U.S. hurtling toward a potential debt default as early as July, is printing more money the only option left? Is America going to burn up the printing presses?
Once again, the United States faces the imminent threat of a potential debt crisis. According to a new forecast from the Bipartisan Policy Center, the federal government could run out of money to pay its bills as soon as mid-July, with the so-called “X-Date” expected to fall between then and early October.
The warning raises fresh concerns about America’s long-term fiscal stability and reignites a difficult question: Is printing more money the only way out of this mess—or is that a recipe for economic disaster?
President Donald Trump inherited a fragile and unsustainable fiscal situation when he took office in 2017—one already burdened by massive entitlement spending, years of borrowing, and a monetary system propped up by low interest rates and cheap credit. In many ways, the debt spiral began long before Trump entered the White House.
When Trump assumed office, the national debt stood at around $20 trillion—a staggering figure, but one that had already doubled under the previous administration due to the 2008 financial crisis and its aftermath. Trump sought to spur economic growth through the Tax Cuts and Jobs Act, increased defense spending, and deregulation. These measures helped ignite strong job growth and record-low unemployment.
Then the COVID-19 pandemic hit. Trump, and later President Biden, signed off on trillions in emergency stimulus packages to prevent economic collapse. While these interventions were necessary, they came with a cost: today, the national debt has ballooned to over $34 trillion, and the government now spends more on interest payments than on national defense.
What happens at the “X-Date,” a coming default? I pray not!
The Bipartisan Policy Center’s new projection warns that the U.S. may reach its debt ceiling as soon as July, depending on tax revenue and expenditures. Once the Treasury exhausts its so-called “extraordinary measures”—creative accounting tactics that delay default—the government could be unable to meet its obligations, including Social Security payments, federal salaries, and interest on the debt.
A default would be catastrophic: markets could crash, interest rates could spike, the dollar could fall, and the U.S. government’s credit rating could be permanently damaged. It would not only harm America’s financial standing but could also trigger a global economic shock.
Printing more money may be the only answer. In moments like this, some point to Modern Monetary Theory (MMT)—the controversial idea that a country like the U.S., which borrows in its own currency, can simply print more money to cover its debt. And to some extent, that’s exactly what’s happened in recent years. The Federal Reserve has used quantitative easing to inject trillions into the economy since 2008, and during the pandemic, it flooded markets with liquidity to keep the economy afloat.
But there’s a catch. We’re already seeing the consequences of that approach: inflation surged to 40-year highs post-COVID, eroding consumer purchasing power and forcing the Fed to aggressively hike interest rates. More money printing could reignite inflation, devalue the dollar, and harm working-class Americans the most.
So while printing money might delay a crisis, it doesn’t solve the underlying issue. It just shifts the burden to future generations.
The public is becoming increasingly fatigued with a system that oscillates between self-inflicted crises. As Margaret Spellings, president of the Bipartisan Policy Center, noted, “Fiscal responsibility is not just about avoiding financial calamity time and time again—it’s about ensuring economic stability and paying our bills on time.”
Donald Trump may have inherited a fragile fiscal landscape, but today’s leaders must figure out a way to keep America afloat and fast! The national debt is not a partisan problem—it’s an American problem, and one that demands serious, long-term solutions.
Final Word: While raising the debt ceiling and printing more money may be necessary, Trump and his team must devise a permanent solution to the debt spiral; if they fail, our children could become bound in indentured servitude for the foreseeable future.
https://patriotcommandcenter.org/forum/alert-ticking-debt-bomb-about-to-explode
