"America's Soaring National Debt: A Looming Crisis?"

TL;DR Summary
The U.S. national debt has been increasing by approximately $1 trillion every 100 days, reaching nearly $34.4 trillion as of the latest data. This rapid growth has raised concerns about the country's fiscal strength, leading Moody's Investors Service to lower its ratings outlook on the U.S. government to negative. The trend has also prompted investment strategist Michael Hartnett to predict that the debt will continue to rise at this pace, with implications for asset prices such as gold and cryptocurrency.
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- Billionaire Paul Tudor Jones warns of America's ticking 'debt bomb' — CBO projections suggest US interest spending is on track to surpass defense and Medicare in 2024 Yahoo Finance
- Why are Americans spending money they don’t have? Deseret News
- $213,182,743,000 Piled Onto US National Debt in Just 23 Days As Former IMF Chief Economist Says He’s Extremely Worried About Borrowing Binge The Daily Hodl
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