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U.S. Debt Hits $40 Trillion | Texas News
The U.S. national debt has surged to nearly $40 trillion—doubling in just a decade—and is now larger than the entire annual economy. Interest payments alone are nearing $1 trillion, rivaling Pentagon spending. This ballooning debt is driving up mortgage and credit card rates, fueling inflation at the pump and grocery store, and raising alarms about a potential financial crisis. Experts warn that without serious reforms—like boosting revenue, cutting spending, or restructuring programs like Medicare and Social Security—the problem will only grow more intractable. Listen in comfort:Get a…
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