The Debt Ceiling Conundrum: A Recipe for Disaster? The news of Norway's sovereign wealth fund cutting its US bond holdings by $80 billion has sent shockwaves through global financial markets.
This development is a symptom of a far more insidious problem – the unsustainable trajectory of US government debt. At $40 trillion and rising, the national debt threatens to strangle economic growth and stability.
The Congressional Budget Office calculates that interest payments alone will soon surpass $3 billion per day, while the Federal Reserve Bank of St.