The article discusses how U.S. debt is projected to exceed that of Italy and Greece by 2030 due to significant tax cuts and increased defense spending under Donald Trump's administration. While the U.S. faces annual budget deficits exceeding 7%, both Italy and Greece have managed to bring their spending under control, with Italy expected to meet its budget limits ahead of schedule. The International Monetary Fund forecasts a rise in U.S. debt from 125% to 143% of annual income, contrasting with efforts in Europe to stabilize and reduce debt levels.