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America’s Debt Crisis Hits $40 Trillion | San Antonio News
The U.S. national debt has surged past $40 trillion, fueled by tax cuts, pandemic spending, and ballooning interest costs — with experts warning this debt is essentially mortgaging the future for our kids. Despite widespread agreement that it’s a crisis, voters rarely prioritize it at the ballot box, and politicians from both parties resist tough choices like cutting Social Security or Medicare. Interest payments alone are projected to hit over $1 trillion this year — draining funds from other priorities. With Republicans pushing spending cuts and Democrats favoring taxes on the wealthy…
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