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US Debt Hits $40 Trillion | Dayton News
The U.S. has hit a staggering $40 trillion in national debt — a number that’s ballooned from $19 trillion just a decade ago, fueled by tax cuts, pandemic spending, and political inertia. With an annual deficit nearing $2 trillion and interest payments alone projected to exceed $1 trillion this year, the nation faces an unsustainable financial future. Aging demographics are adding pressure on Social Security and Medicare, while politicians avoid tough choices like raising taxes or cutting popular programs — even when forming commissions to tackle the crisis proves politically impossible…
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