Has the US national debt crossed the red line? ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ’ธ

The US national debt has risen to unprecedented levels, exceeding 34 trillion dollars, raising serious questions about the future of the American economy and global financial stability.

๐Ÿ” What are the reasons?

Massive government spending after the pandemic

Rising interest costs due to Federal policies

Ongoing budget deficit due to the large gap between revenues and expenditures

๐Ÿ’ฅ Potential consequences:

Pressure on the US dollar

Future tax increases

Risk of credit rating downgrade

Direct impacts on currency, gold, and cryptocurrency markets

๐Ÿ›๏ธ As elections approach, the question remains: Will any upcoming president dare to rein in this debt?

#USNationalDebt