According to International Monetary Fund (IMF) forecasts, US debt levels are expected to surpass those of Italy and Greece by 2030 due to President Donald Trump’s extensive tax cuts and increased defence spending. While Italy and Greece have managed to stabilize their spending following the 2008 financial crisis and the Covid-19 pandemic, the US’s debts are predicted to rise from 125% to 143% of annual income by 2030, whereas Italy’s is anticipated to remain at approximately 137%.