The US national debt is rapidly climbing, currently at $36.2 trillion as of April 29, 2025. Compared to around $907 billion four decades ago, this increase raises concerns.
Economist Peter Morici explains why the debt ballooned and its implications. Interest payments now surpass Medicare and defense costs. The debt results from Congressional and White House spending.
Outlook: Economists alarm over unsustainable spending levels.
Tags #Government, #Military, #WhiteHouse
Lucem News Editor’s Opinion:
A LOT happening during Trump’s first 100 days. Nothing yet in terms of a plan to reduce the national debt. Is anyone getting nervous yet ?
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