The United States’ debt is set to skyrocket to $19 trillion over the decade

American PoliticsHot SpotsInflationMoney Matters
Written By Jennifer Joslyn

😅 The United States’ debt is set to skyrocket to $19 trillion over the decade.

According to the Congressional Budget Office, the increasing cost of interest rates, retiree benefits, and military spending are expected to send the country’s debt to the moon by 2033. Forecasting a 118% increase, the director of the budget office is signaling that changes in fiscal policies are desperately needed. Not to mention… Baby Boomers are retiring in droves. As the Baby Boomer generation retires, there will be a significant increase in demand for government-funded programs like Social Security and Medicare. This will lead to increased government spending, which will contribute to a larger national debt.

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Jennifer Joslyn
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