If you haven’t been tracking the size of our national debt, avert your eyes. As of August 2023, it stands at a sum of $32.7 trillion owed, translating to nearly $100,000 per citizen. With a budget deficit projected to surpass $1.7 trillion dollars more this year alone, the fiscal hole is only going to get deeper. But this isn't just numbers on paper; a growing national debt carries with it substantial costs, particularly in the form of ever-growing interest payments that the U.S. government must manage.
Read Full Article »
