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Morris Invest’s Real Estate Wisdom: A Blog for Savvy Investors

A Ticking Time Bomb – National Debt Growing by $1 Trillion Every 100 Days

A Ticking Time Bomb – National Debt Growing by $1 Trillion Every 100 Days

The current management of the U.S. national debt showcases a concerning lack of fiscal responsibility by the government, creating increased fear among U.S. citizens about rising prices and possible national bankruptcy. The most pressing problem, though, isn't the distress it causes among the American people; the implications extend far beyond the surface because a ballooning national debt presents severe economic and financial threats. The situation is dire, with a staggering $1 trillion accruing to the national debt every 100 days. This fast-paced growth has transformed the country's debt into a ticking time bomb when it soared to a record-breaking $34 trillion in January of this year. It all reflects an irresponsible government borrowing spree with potentially grave consequences, including...

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