Key Points:
- The United States is approaching $33 trillion in national debt, with a rapid increase in the past month.
- Total Public Debt Outstanding refers to the cumulative debt that the U.S. federal government is obligated to repay.
- A recent survey shows that both Democrats and Republicans are concerned about the national debt and potential government shutdowns.
- There is bipartisan support for establishing a commission to recommend strategies for debt reduction.
- Voters want the national debt to be a top priority for both the President and Congress.
Hot Take:
The United States’ growing national debt is a matter of concern for both Democrats and Republicans. The urgency to address this issue is palpable among voters, with bipartisan support for taking decisive action. The potential economic repercussions and impact on America’s global reputation are significant. Reforms in entitlement programs and curtailing expenditures are necessary to avert a fiscal catastrophe. The establishment of a debt commission could aid Congress in accomplishing these objectives.
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