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Debt Hits $40 Trillion and Rising | Dayton News
The U.S. national debt has surged past $40 trillion, adding a trillion in just five months and doubling over the last decade—forcing urgent fiscal debates in Washington. Treasury Secretary Scott Bessent sees growth as the solution, noting not all debt is publicly held, while experts like Brett Loper argue revenue hikes and spending cuts—including on Medicare and Social Security—are essential. Healthcare proposals like Medicare for All stir controversy, with potential cost spikes or savings depending on implementation. With the debt limit already raised, Congress may face another showdown by…
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