Time to get America's fiscal house in order: Here are the first steps
Fox News
It’s startling to see how much debt the United States has taken on – $31.5 trillion and counting – and even more jarring to realize there’s no plan to address it.
Making matters worse, we’re quickly approaching an alarming deadline. Unless action is taken soon, the U.S. will default on its debts in the coming months, sending our wobbly economy into a full-blown spiral.
This looming crisis didn’t pop up out of nowhere. The U.S. narrowly avoided a debt crisis in 2021, but we’ve been moving toward this unavoidable reality for years. Out-of-control spending habits have driven the national debt from $3.2 trillion in 1980, to $9.7 trillion in 2000, to $31.5 trillion today.
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