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The $40 Trillion Debt Crisis | Wilmington News
The national debt just hit $40 trillion—and if current trends continue, it could soar to $50 trillion by 2030. With deficits projected at nearly $2 trillion in 2026 and over $23 trillion in the next decade, America’s fiscal math is spiraling out of control. Interest payments are ballooning—potentially surpassing Medicare and Social Security—and every dollar spent on debt servicing is a dollar lost from schools, infrastructure, and real needs. Programs like Medicare’s hospital insurance fund are on track to collapse by 2033. Politicians avoid tough choices: cutting spending angers voters…
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