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Posted: 2025-06-07 01:43:43 UTC
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-06-07 01:44:06 UTC
Verified By
Rollup News
America's debt crisis is a result of decades of overspending and economic shocks, including the 2008 financial crisis and the Covid-19 pandemic. The national debt is currently between $36-37 trillion, with interest costs expected to consume 20% of federal revenue by 2033. Social Security and Medicare have $85 trillion in unfunded obligations, and debt-to-GDP is projected to exceed 150% by 2028. This crisis risks crowding out critical investments, threatening social programs, and sapping America’s economic strength.
Overspending and economic shocks
Rising national debt
Unfunded obligations in Social Security and Medicare
Threat to critical investments and social programs
Risk to America’s economic strength
Decades of overspending
Economic shocks (2008 financial crisis, Covid-19 pandemic)
Rising national debt and interest costs
Unfunded obligations in Social Security and Medicare
Debt-to-GDP ratio exceeding economic growth