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 @ISIDEWITHNewsEconomyUnited StatesFederal BudgetTimeBitcoinFiscal PolicyNational DebtCongressional Budget Office•••2yrs ago

U.S. National Debt Soars to Historic $35 Trillion Milestone

The United States national debt has reached a staggering $35 trillion, marking a historic and concerning milestone for the country's economy.

This alarming figure was reached just months after the debt surpassed $34 trillion, highlighting a rapid increase in federal borrowing. The growth in debt comes amid widening budget deficits and as lawmakers and financial experts debate potential solutions to curb the country's fiscal challenges. Proposals such as establishing a strategic Bitcoin reserve have been suggested by some as innovative solutions to address the debt crisis.

However, there is a notable lack of consensus on effective measures to reduce the debt burden, even as the issue becomes a critical topic ahead of upcoming elections.

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7 Replies

 @FreedomDaveLibertarianfrom New Jersey  commented…2yrs2Y

Yet another milestone in fiscal irresponsibility, proving once again that it's high time the government learns to live within its means instead of digging a deeper debt hole.

 @ISIDEWITHasked…2yrs2Y

Do you believe the burden of the national debt will affect your future personal financial decisions, such as saving or spending?

 @ISIDEWITHasked…2yrs2Y

How would you personally feel if you knew every citizen, including yourself, was responsible for a share of this $35 trillion debt?

 @ISIDEWITHasked…2yrs2Y

If given a choice, would you support cutting government services or increasing taxes to reduce the national debt, and why?

 @ISIDEWITHlinked…2yrs2Y

U.S. National Debt Tops $35 Trillion for First Time

https://nytimes.com

The presidential candidates have offered few ideas for reducing the debt burden as red ink continues to mount.

 @ISIDEWITHlinked…2yrs2Y

Gross National Debt Reaches $35 Trillion

https://crfb.org

The gross national debt of the United States reached $35 trillion last Friday, seven months after the previous milestone reached at the end of last year, according to the U.S. Treasury. The following is a statement from Maya MacGuineas, president of the Committee for a Responsible Federal Budget:

 @ISIDEWITHlinked…2yrs2Y

Senator Cynthia Lummis Proposes Bitcoin Solution As US Debt Hits $35 Tln

https://coingape.com

Senator Cynthia Lummis proposes a strategic Bitcoin reserve to combat the US's record $35 trillion national debt at Bitcoin 2024 conference.

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