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In a bold move indicative of Washington's unchecked spending spree, the US Congress has greenlit an additional $1.2 trillion in expenditure which President Biden signed into law. This latest financial injection, purportedly aimed at alleviating liquidity constraints, signals a concerning trajectory for the nation's fiscal responsibility.
With the United States already drowning in a staggering $34.5 trillion debt, accumulating at an alarming rate of $3 trillion annually, this latest move only exacerbates the dire financial predicament.
Furthermore, the spending bill passed by Congress is laden with pork-barrel projects and earmarks, diverting taxpayer dollars away from essential services and into wasteful endeavors. This flagrant disregard for fiscal prudence underscores the urgent need for a radical reevaluation of government spending priorities.
What a lack of control, perhaps the United States debt clock that indicated that at the current rate of money injection, we would be in 2028 with 46B dollars of debt is wrong, and even higher since this seems to go higher and higher.
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I really have no idea how much higher the debt mountains can grow. But for sure we have more than 25 years to go until the USD will see problems
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