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🇺🇸 US GOVERNMENT DEBT
- Currently at $32.6 trillion, up from $16.7 trillion a decade ago.
- In the nine months to June, the government reported a deficit of $1.39 trillion.
- Government is now paying $1.3 billion in interest on its debt every day
- The government is…
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\\ud83c\\uddfa\\ud83c\\uddf8 US GOVERNMENT DEBT
- Currently at $32.6 trillion, up from $16.7 trillion a decade ago.
- In the nine months to June, the government reported a deficit of $1.39 trillion.
- Government is now paying $1.3 billion in interest on its debt every day
- The government is projected to pay more on servicing the interest on its debt than on national defense by 2027
- Fitch joins S&P in downgrading US credit rating to AA+, says it expects \'fiscal deterioration\'.
- US Treasury Secretary calls downgrade \'arbitrary\' and based on outdated data.
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