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Wharton professor predicts 2025 financial
meltdown with $34 trillion debt set to
'derail the next administration'

Original Article

Posted By: OhioNick, 3/3/2024 7:35:06 PM

America's $34 trillion debt will disrupt the global economy as early as next year if the next president pursues expensive policies, a finance expert has warned. Wharton Business School Professor Joao Gomes has said the public debt mountain marks a 'moment in history' - and it could 'derail the next administration'. 'Toward the latter part of the decade we will have to deal with this,' he told Fortune. 'It could derail the next administration, frankly. 'If they come up with plans for large tax cuts or another big fiscal stimulus, the markets could rebel, interest rates could just spike right there and we would have a crisis in 2025.

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Reply 1 - Posted by: enemyofthestate 3/3/2024 7:49:24 PM (No. 1669796)
Hey, Wharton professor, I'll call you into account for that statement in the next administration.
7 people like this.

Reply 2 - Posted by: Northcross 3/3/2024 8:01:02 PM (No. 1669801)
If so, then Biden's mission is complete!
8 people like this.

Reply 3 - Posted by: OhioNick 3/3/2024 8:11:55 PM (No. 1669807)
Will the national debt rising by $1 trillion every 100 days under Joe Biden, expect a $37 trillion debt when Donald Trump takes office.
5 people like this.

Reply 4 - Posted by: plomke 3/3/2024 8:24:00 PM (No. 1669813)
Naw...just keep the printing presses running overtime. Super-hyper inflation is only transitory...
6 people like this.

Reply 5 - Posted by: billa57 3/3/2024 9:02:45 PM (No. 1669830)
Making early plans to keep the destruction going.
6 people like this.

Reply 6 - Posted by: LC Chihuahua 3/3/2024 9:12:31 PM (No. 1669836)
The pessimist in me says it's going to happen and it's already too late to change course.
9 people like this.

Reply 7 - Posted by: curious1 3/3/2024 10:17:10 PM (No. 1669876)
President Trump is just the guy to be president if they've caused this to happen during the next administration. He understands what money is and how to utilize it, unlike all demo-commies and most pubbies. He can also solve financial problems, instead of creating more of them.
7 people like this.

Reply 8 - Posted by: Trapper 3/3/2024 10:36:48 PM (No. 1669881)
We're not paying it. China can go pound sand.
4 people like this.

Reply 9 - Posted by: NYbob 3/3/2024 11:33:13 PM (No. 1669897)
President Trump taking a Presidential axe to the swamp bureaucrats and all the illegal regulations from unconstitutional departments would create the kind of economic revival that would at least stop the bleeding and turn the ship of state on to the right course. IF he can win and return to the WH, and has a congress with at least a few dozen outright traitors replaced by people who actually honor the Constitution.
3 people like this.

Reply 10 - Posted by: Skinnydip 3/3/2024 11:36:53 PM (No. 1669898)
To start, how about eliminating several government agencies and firing about half the government employees?
6 people like this.

Reply 11 - Posted by: smokincol 3/4/2024 1:16:08 AM (No. 1669930)
betcha his decision was based on the election of obama/biden in the 2024 election
2 people like this.

Reply 12 - Posted by: Trigger2 3/4/2024 3:48:16 AM (No. 1669972)
Thanks Joey. You incompetent senile dumbbell. This also applies to Barry who is actually running things.
3 people like this.

Reply 13 - Posted by: mifla 3/4/2024 4:42:15 AM (No. 1669992)
I hope the next administration spends a lot of time putting Dems in jail, starting with the J6 prison guards, followed by Mayorkas, Wray, and Garland.
4 people like this.

Reply 14 - Posted by: SweetPea3 3/4/2024 5:06:20 AM (No. 1670004)
Cease ALL foreign aid.
5 people like this.

Reply 15 - Posted by: Strike3 3/4/2024 9:11:21 AM (No. 1670129)
It doesn't take a Wharton professor to see the trouble on the horizon. Allowing Joe unlimited access to the US Treasury was like giving a couple of newlywed snowflakes a stack of credit cards. Disaster can not be avoided.
1 person likes this.

Reply 16 - Posted by: ussjimmycarter 3/4/2024 9:16:20 AM (No. 1670133)
How big is the DEI budget at this school? Huge cuts to the size of bloated agencies reporting to the Admin are mandatory! Tax cuts always pay through increased revenue! But what would a Commie financial expert know?
1 person likes this.

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