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Debt Crisis Hits Your Wallet | Dayton News
The national debt has ballooned to over $40 trillion—double in just a decade—and now costs more to service than funding national defense. Rising borrowing rates are squeezing everyday budgets, pushing up mortgages, car loans, and small business financing. Critics point to flashy projects like an elephant-shaped building or a hip-hop museum as potential targets for cuts, arguing that with debt this high, every dollar counts. To avoid a looming crisis, experts call for enforceable spending caps, smarter entitlement reforms, and tighter controls against waste and fraud—especially for programs…
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