Has the US national debt crossed the red line? ๐บ๐ธ๐ธ
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.
๐ 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
๐ฅ Potential consequences:
Pressure on the US dollar
Future tax increases
Risk of credit rating downgrade
Direct impacts on currency, gold, and cryptocurrency markets
๐๏ธ As elections approach, the question remains: Will any upcoming president dare to rein in this debt?
#USNationalDebt