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Ballooning U.S. Debt Hits $38 Trillion, Sparking Concerns Over Economic Stability
Ballooning U.S. Debt Hits $38 Trillion, Sparking Concerns Over Economic Stability
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BTCCSquare news:
The United States national debt has surged past $38 trillion, marking a critical threshold that eclipses the country's GDP. Economists warn this trajectory mirrors post-World War II fiscal strain, with unsustainable spending patterns now drawing global scrutiny.
Tax shortfalls, pandemic relief programs, and unchecked expenditures have accelerated the debt spiral. The gap between economic output and obligations now threatens long-term stability, forcing a reckoning with fiscal policy at a pivotal moment for markets.
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