A top economist warns that the U.S. is ill-prepared for a recession due to its record-high national debt of $39 trillion. This substantial debt limits the Federal Reserve's ability to cut interest rates without risking inflation and forces the government to rely heavily on short-term borrowing, which is unsustainable. The combination of these factors severely compromises traditional economic stimulus measures, making a future recession potentially disastrous. AI
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RANK_REASON The article discusses an economist's opinion and analysis of the US national debt and its potential impact on recession preparedness, rather than reporting on a specific event or release.
