Federal Reserve Chairman Jerome Powell stated that the growth rate of federal government debt is significantly outpacing economic growth, and this ratio continues to climb. In the long run, this is essentially the definition of 'unsustainable'.

The size of the debt itself is not the problem, but this path is not viable. We don't need to pay off the debt; we just need to maintain a basic balance between income and expenditure, ensuring that economic growth truly exceeds debt growth.

"If we don't act quickly, the outcome won't be good."