#USNationalDebt

The American Debt: The Story of the Endless Trillions 🤔

The American debt has surpassed 34 trillion dollars! 💰 This figure is formed because government spending (on defense and healthcare) exceeds its tax revenues, leading to a deficit that accumulates year after year. 📈

Who holds this debt? It is not only American citizens and investors, but also foreign governments like Japan and China, which connects the entire world economy. 🌏

To add to the complexity, Congress sets a "debt ceiling," and reaching it sparks heated political debates. 🏛️ This situation affects everyone, as it can increase borrowing costs for citizens and businesses.

The solution remains a topic of ongoing debate: should spending be cut or taxes be increased? ⚖️

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