Part 7/10:
Amid these discussions, there are stark warnings regarding national debt and economic sustainability. An alarming recognition is emerging about the staggering levels of public debt and fiscal policy, prompting calls for an urgent reevaluation of spending practices. Analysts like Scott Bessent caution against the impending crisis that an unsustainable debt-to-GDP ratio may precipitate if not addressed. With a projected economic downturn looming, the fear of entering an "interest rate death spiral" emphasizes the need for immediate policy reform.