Learn how the U.S. is spending over $1 trillion on interest payments for the national debt and why it matters to you. This discussion breaks down how interest payments are affecting government spending, taxes, and the economy.
Learn why the U.S. national debt has crossed a critical threshold, with federal interest payments exceeding $1 trillion for the first time. This topic covers how rising interest rates are making the cost of borrowing more expensive, the daily $3 billion spent just on debt interest, and how this impacts government spending, taxes, and your financial future. You’ll gain insights into how this affects services, long-term economic stability, and what future generations will face as the national debt continues to grow. This discussion breaks down the complexities of the national debt, interest payments, and their effect on both individuals and the economy.
Why $1 Trillion in Interest Payments Matter to You: U.S. Debt Crisis
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