The Impact of Long COVID on U.S. Defense Spending and the Growing Fiscal Challenges
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#271c2cbc ver:0.25

Lawmakers in the US are grappling with a widening budget deficit due to pandemic relief spending, leading to fiscal challenges. The deficit is projected to reach $2 trillion by 2024, increasing the debt's share of GDP. Defense spending may be impacted as net interest payments increase. President Biden has proposed cutting the defense budget, while Republicans focus on tax cuts. Fiscal responsibility and a combination of spending cuts, tax increases, and economic growth are needed to stabilize the national debt. The US must address the deficit to ensure long-term economic stability. #BudgetDeficit #FiscalChallenges #DefenseSpending...

#newstr #CovidRecession #FiscalStimulus #Deficit #Debt #Inflation #InterestRates #CongressionalBudgetOffice #DefenseSpending #PresidentBiden #LongCovid 

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