New Delhi, Dec. 7 -- Public debt at 99% GDP rockets to 107% by 2029, expert trashes growth myths, default delusions; only brutal cuts post-calamity will save D.C.'s reckless binge.

America's public debt has surged to 99% of GDP, a precarious threshold that shatters post-World War II records and signals an impending catastrophe. Projections from fiscal watchdogs paint an even grimmer picture: by 2029, this ratio will climb to 107%, with debt service costs devouring $11 billion weekly, fully 15% of federal outlays in the current fiscal year. Harvard economist Jeffrey Frankel, a veteran of President Bill Clinton's Council of Economic Advisers, lays bare the math in a stark Project Syndicate analysis, warning that Washington's addiction to b...