๐จ BREAKING: US NATIONAL DEBT HITS $38 TRILLION! ๐บ๐ธ๐ธ
The United States has officially reached a new all-time high in national debt, surpassing $38 trillion for the first time ever. ๐๐ฐ
This milestone comes just two months after hitting $37 trillion, marking one of the fastest debt surges outside the COVID-19 pandemic. โก๐
Key highlights:
Rising costs from Social Security & Medicare due to an aging population ๐ต๐ด
Increasing interest payments โ projected to reach $14 trillion over the next decade ๐ณ๐
Occurs amid a potential federal government shutdown, raising fiscal concerns ๐๏ธโ ๏ธ
Experts warn that this growing debt could lead to higher inflation, increased borrowing costs, and reduced purchasing power for Americans. โ๏ธ๐ฅ
Stay informed as the nation navigates these challenging financial waters! ๐๐ต