Understanding the US National Debt: Who Holds the $34.7 Trillion Burden?
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#7b8e26cc ver:1.09
The US national debt has reached $34.7 trillion, with interest costs surpassing defense and Medicare spending. The debt burden per citizen is nearly $1 million. Major contributors include Medicare, Social Security, education, and military spending. Borrowing money at interest worsens the problem. Solutions include issuing trillion-dollar coins, buying back debt, or issuing money interest-free. The debt is held by various entities, with foreign holders accounting for $8 trillion. The Biden administration's spending growth is unsustainable. Raising taxes on the rich won't solve the problem. Limiting spending and growing the economy are crucial. #NationalDebt #USDebt #EconomicBurden...
#newstr #UsNationalDebt #InterestPayments #TreasurySecurities #ForeignHolders #UsHolders
https://here.news/story/7b8e26cc?ver=1.09
US Debt Crisis Worsens as Watchdog Warns of Market Shock /
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2024-06-23 20:02:08
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npub1ucqxsc9t36ddsdn4j3lkq38cp6ywcq93ggpm5kfyjfj94kqyzvgqs5jcjjPublished at
2024-06-23 20:02:08Event JSON
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"content": "Understanding the US National Debt: Who Holds the $34.7 Trillion Burden?\n===============\t\n#7b8e26cc ver:1.09\n\nThe US national debt has reached $34.7 trillion, with interest costs surpassing defense and Medicare spending. The debt burden per citizen is nearly $1 million. Major contributors include Medicare, Social Security, education, and military spending. Borrowing money at interest worsens the problem. Solutions include issuing trillion-dollar coins, buying back debt, or issuing money interest-free. The debt is held by various entities, with foreign holders accounting for $8 trillion. The Biden administration's spending growth is unsustainable. Raising taxes on the rich won't solve the problem. Limiting spending and growing the economy are crucial. #NationalDebt #USDebt #EconomicBurden...\n\n#newstr #UsNationalDebt #InterestPayments #TreasurySecurities #ForeignHolders #UsHolders \n\n https://here.news/story/7b8e26cc?ver=1.09",
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