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Debt Hits $40 Trillion and Rising | Charleston News
The U.S. national debt has surged past $40 trillion, adding roughly $1 trillion every five months — a staggering pace that’s doubled in just ten years. Treasury Secretary remains optimistic, pointing to economic growth as the solution, but experts warn tough choices lie ahead: higher taxes and spending cuts — especially in Medicare and Social Security — may be unavoidable. Debates intensify around healthcare reform, with proposals like Medicare for All promising savings or adding trillions. With the debt limit already raised last year, Congress faces another crunch by mid-2027 — forcing hard…
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