The United States has witnessed a significant increase in its national debt, with a $1.5 trillion deficit recorded in the first ten months of fiscal year 2024 alone, including a $244 billion deficit in July.
This alarming rise contributes to the overall U.S. national debt surpassing $35 trillion, equating to over $104,303 per American citizen. The debt continues to grow at a staggering rate of approximately $4.5 million every minute, with daily interest payments amounting to $2.4 billion. This financial burden is not limited to the federal level; local entities like the Evanston/Skokie School District 65 are also grappling with deficits, ending the 2024 fiscal year $10 million in the red.
This escalating debt poses significant challenges for economic stability and future fiscal policies in the United States.
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This news is a glaring example of how out of control government spending has become, threatening the economic freedom and stability that our country was built on. It's high time we demand fiscal responsibility and smaller government, instead of burdening future generations with a debt they didn't accumulate. The path we're on is unsustainable, and without immediate action, we're jeopardizing not just our economy but the very principles of individual liberty and limited government.
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Evanston/Skokie School District 65 facing $10 million in debt
Evanston/Skokie School District 65 wrapped up the 2024 fiscal year with a $10 million budget deficit, topping the previous year’s $7 million debt. The D65 School Board received an update on
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