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Debt Hits $40 Trillion Fast | Annapolis News
The national debt just shattered the $40 trillion mark—adding a trillion in just five months—and experts warn it’s time for hard choices on taxes and spending. Treasury Secretary Scott Bessent downplays the worst by noting much of the debt is held internally, but his solution? Grow the economy faster than the debt. Over the past decade, the debt has roughly doubled—from $20 trillion under Trump to $36 trillion by the start of his second term. Analysts say controlling this growth will require tough cuts, especially to programs like Social Security and Medicare. Meanwhile, healthcare debates…
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