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America's National Debt Skyrockets to $34 Trillion

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redtea.com

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news@redtea.com

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Mon, Jan 8, 2024 06:42 PM

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Financial Storm Approaches! It's not just a number; it's a financial quake shaking the very foundati

Financial Storm Approaches! [Image] Folks, Brace yourself – [the U.S. national debt has just blasted through the $34 trillion milestone!]( It's not just a number; it's a financial quake shaking the very foundations of our economy. Back in the day, our national debt was a modest $907 billion, but now, it's ballooned to unimaginable heights. And the kicker? Congress is on the brink of deciding how to avoid a government shutdown while staring down the barrel of doubling our debt in the next thirty years! Even the experts are sounding the alarms. Michael Peterson, CEO of the Peter G. Peterson Foundation, says we're on a "damaging and unsustainable path." This is not something you can just sweep under the rug! The Congressional Budget Office's projections are downright scary. They predict our debt will skyrocket to a mind-blowing 181% of the GDP by 2053. On top of that, the interest payments on our national debt are set to triple, reaching a jaw-dropping $1.4 trillion in 2032, eventually hitting $5.4 trillion by 2053. [Read the full story now]( and arm yourself with the knowledge to make informed decisions. Stay informed, Richard Reagan Senior Analyst, RedTea Research RedTea 24025 Park Sorrento, Suite 210 Calabasas CA 91302 USA [Unsubscribe]( | [Change Subscriber Options](

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