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America’s Financial Crisis: $23 TRILLION IN FEDERAL DEBT

US Faces Financial Crisis: $1.9 Trillion Deficit in 2024 and Growing

Who’s to Blame? Both Parties Contribute to Mounting National Debt

According to Yahoo, The United States is facing a big financial problem. The government is spending more money than it’s taking in. This means it has to borrow money to make up the difference. The Congressional Budget Office predicts that the government will borrow $1.9 trillion in 2024, which is a lot of money. Over the next 10 years, the government will borrow even more, which could cause big problems.

Both the Republicans and Democrats have contributed to this problem. They have given tax breaks and increased spending over the years. The current president has also increased student loan forgiveness, which will add to the debt. Despite promising to reduce the debt, nobody has made significant changes to fix the problem.

READ ALSO: $1.2B NYC Community Hiring Initiative: Mandates 40% NYCHA Resident Employment

America’s Financial House of Cards: $23 TRILLION IN FEDERAL DEBT (PHOTO: YAHOO)

America’s Debt Dilemma: A Financial Crisis as Politicians Avoid Tough Decisions

The government is having trouble making decisions about how to fix this problem because nobody wants to make tough choices that might mean higher taxes or fewer benefits. As a result, the nation’s debt will continue to grow until it becomes a major crisis. Eventually, the government will have to pay back its debts, but for now, Americans are left wondering who is responsible for this financial mess and how it can be fixed.

READ ALSO: CalPERS Plans New Rules For Private Equity Labor Practices Amidst Growing Concerns

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