📉 US National Debt - A Growing Crisis?
🇺🇸 US National Debt is currently at its highest level in history — over $34 trillion!
💸 The government has been borrowing to cover budget deficits over time, causing this debt to continuously rise.
🔍 What is the reason for the increasing debt?
Spending on wars
Programs like Social Security and Medicare
Tax cuts
COVID relief packages
⚠️ What is the impact?
Increase in inflation
Higher spending on interest payments
Burden on future generations
📊 Did you know?
The average share for every American citizen exceeds $100,000!
📌 What could be the solution?
✅ Budget cuts
✅ Increase in revenue
✅ Responsible fiscal policy
🤔 Will America be able to manage this debt?
This is the same question that economists around the world are asking.
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