Why America’s $40 Trillion Debt Won’t Trigger Fiscal Doom

America’s $40 Trillion Nightmare

The U.S. national debt has reached $40 trillion. With trillion-dollar interest costs and deficits projected to keep rising, the author argues that Social Security and other entitlement spending must be reformed before mounting debt forces drastic tax increases or benefit cuts.

Why America’s $40 Trillion Debt Won’t Trigger Fiscal Doom

Internewscast Journal Internewscast If the nation’s debt has you bracing for a fiscal doomsday, you… This Post: Why America’s $40 Trillion Debt Won’t Trigger Fiscal Doom first appeared on Internewscast Journal

Why America’s $40T debt load is unlikely to cause a fiscal Armageddon

The doom and gloom scenario is that the US is facing a debt crisis, one that will spur crippling interest-rate hikes and a massive sell-off in stocks.

US debt tops $40t, stoking fiscal concern

US public debt surges past $40T amid quarter-century of crises, wars

Decades of massive defense spending, stimulus packages, and tax cuts, US public debt adds $10T in only 4.5 years, while interest payments reach $1T