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Debt Hits $40 Trillion and Keeps Rising | Salt Lake City News
The U.S. national debt just hit a staggering $40 trillion — up from $19 trillion a decade ago, with $20 trillion added under both Trump and Biden. Annual deficits hover around $2 trillion, fueled by tax cuts, ballooning social spending, and soaring interest costs. Politicians avoid tough choices, preferring to borrow over cutting popular programs like Social Security and Medicare — even as experts warn the path is unsustainable. Voters care about the debt, but rarely vote on it, leaving Washington stuck in a cycle of growth with no real fix in sight. Listen in comfort:Get a discount on a Soli…
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