US Debt Crisis: Understanding the Budget Deficit and Debt
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#7b8e26cc ver:0.67

The US is facing a dire debt crisis, with over $34 trillion in debt and projections of doubling within 30 years. The high debt and deficit spending have contributed to inflation and pose significant risks to the economy. Despite warnings from institutions like the IMF, there is no plan in place to address the crisis. Raising taxes and reducing the budget deficit are potential solutions, but immediate action is needed. The mounting debt and rising inflation present a contrasting reality to claims of economic growth. The government's interest expense on its debt has surpassed $1 trillion, potentially triggering a market shutdown. The US debt crisis is further exacerbated by unrecorded debt from 'buy now, pay later' schemes. The national debt is politically unsustainable, leading to less federal funding for state and local governments. Action is needed to address the growing debt crisis and prevent a future of growing IOUs. #USDebtCrisis #BudgetDeficit #Debt #Economy #Inflation #Taxation #GovernmentShutdown #NationalDebt #InterestExpense #BuyNowPayLater #SustainableDebt #FederalFunding...

#newstr #UsDebtCrisis #BudgetDeficit #NationalDebt #GovernmentSpending #EconomicCollapse #BuyNowPayLater #BnplSchemes 

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