#USNationalDebt US National Debt at $37 Trillion: Trump’s Plan to Tackle It! 💪💸
The US national debt has surged to $37 trillion, with a 123% debt-to-GDP ratio and interest payments hitting $881 billion last year. 📈 Trump’s strategy to address this focuses on aggressive spending cuts through the Department of Government Efficiency, led by Elon Musk, targeting $1.5-2 trillion in reductions by slashing bloated agencies. 🏦 He’s also banking on tariffs to boost revenue and deregulation to spur economic growth, aiming to cut the deficit from 6.7% to 3% of GDP by 2028. However, extending his 2017 tax cuts could add $2.4 trillion to the debt, and tariffs may raise consumer prices. Bitcoin remains a hedge against fiat uncertainty. 🤑 Trump’s bold moves aim to stabilize the economy, but balancing growth and debt reduction is a tightrope! 🥂