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Debt Hits $40 Trillion Alarm | Annapolis News
The U.S. national debt is exploding—now over $40 trillion, double what it was a decade ago—and experts warn it’s fueling inflation, raising interest rates, and risking a financial crisis. Driven by years of spending, Trump-era tariffs that backfired, and ballooning interest payments nearing $1 trillion, the debt dwarfs our annual economy. With Japan and China holding most foreign shares, Americans face higher mortgages, car loans, and credit card rates. Fixing it means tough choices: more revenue, spending cuts, or even reforming Social Security and Medicare. The clock is ticking. Listen in…
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