US National Debt Forecast to Exceed $56 Trillion by 2034
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#99dc5812 ver:0.49

The US national debt is projected to exceed $56 trillion by 2034, reaching 122% of GDP. Factors contributing to the growing debt include increased spending on foreign aid, student loans, Medicaid, and bank failures. The budget deficit for 2024 is estimated to be $1.9 trillion, with deficits exceeding $2 trillion in the years ahead. The rising costs of Social Security and Medicare, along with the cancellation of student loans and tax cuts, are major contributors to the debt. The national debt poses risks to economic growth and global influence. #NationalDebt #BudgetDeficit #USDebtCrisis...

#newstr #UsNationalDebt #CongressionalBudgetOffice #BudgetDeficit #SocialSecurity #Medicare #GovernmentSpending #Taxes #BidenAdministration #TrumpEraTaxCuts #InterestRates #UsPresidentialElection 

 https://here.news/story/99dc5812?ver=0.49