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Tag: government spending

Pay up, America: Each of us owes $100K as national debt balloons to $35 trillion

The national debt of the United States has surged to $35 trillion, translating to a debt of approximately $100,000 per American. The article explores key factors like government overspending, social entitlement programs, defense spending, tax cuts, and crisis-driven expenditures contributing to the rising debt. It also discusses potential solutions and the ongoing political debate over fiscal responsibility and economic growth.