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The $50 Trillion Debt Trap | Wilmington News
America’s national debt has hit $40 trillion and could soar to $50 trillion unless drastic action is taken. With deficits projected to exceed $23 trillion by 2035, the U.S. is on track to pay more in interest than Medicare or Social Security—making this a math problem, not a partisan one. The cycle of borrowing to cover interest keeps spiraling, threatening critical programs like Medicare’s hospital insurance fund, which may run dry by 2033. No easy political fix exists: cutting benefits sparks outrage, raising taxes angers voters, and slashing defense or domestic spending divides parties…
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