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America’s Debt Crisis Demands Hard Choices | Annapolis News
The U.S. has hit a terrifying financial milestone: $40 trillion in national debt, fueled by tax cuts, pandemic spending, and ballooning entitlement costs. With a staggering $2 trillion deficit this year—and interest payments alone nearing $1 trillion—it’s clear the government is spending more on debt servicing than on essential services. Politicians from both sides have contributed to this crisis by prioritizing short-term benefits over long-term fiscal responsibility, making tough choices like cutting popular programs or raising taxes politically unpalatable. Experts warn this path is…
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