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US Debt Hits $40 Trillion | Charleston News
The U.S. national debt is surging past $40 trillion—faster than projected—and experts warn it’s already squeezing your wallet, driving up mortgage, car, and credit card rates while fueling inflation. With interest payments alone nearing $1 trillion, rivaling Pentagon budgets, the ballooning deficit threatens schools, infrastructure, and could spark a financial crisis. While most debt is held domestically, China and Japan remain top foreign holders. No easy fix exists, but tough choices lie ahead: raise taxes, slash spending, or overhaul Social Security and Medicare. Listen in comfort:Get a…
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