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America's Debt Crisis Is Here | Odessa News
The government’s debt is exploding—larger than most countries’ entire economies and growing without pause. Unlike past debt spikes tied to wars or recessions, today’s ballooning deficit stems from an aging population demanding more from Social Security and Medicare, even in strong economic times. By 2030, federal debt will surpass post-WWII highs—and unlike then, it won’t shrink. With fewer workers supporting more retirees—down from 6:1 in 1952 to just 2.7:1 now—and births projected to fall below deaths, the system is under unprecedented strain. Optimistic projections already warn of 25%…
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