Government Debt Hits $34 Trillion: Fiscal Policies Under Scrutiny The U.S. government’s debt has surpassed $34 trillion, a figure resulting from years of overspending beyond its revenue. This situation isn’t new; the U.S. has been in debt since its inception, starting with loans from the American Revolutionary War. Experts like Les Rubin attribute the rising debt to irresponsible fiscal policies, while Eric Mangold points out that unlike individuals, the government can print more money to cover its debts. However, this leads to higher taxes and potential economic consequences if the debt remains unpaid. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Prices Dip as Strong Retail Sales Data Reduces Likelihood of Fed Rate Cut READ MORE High Interest Rates Likely Dampened Americans’ Economic Mood: Study READ MORE UBS Positive on Gold, May Rise to $2,500 READ MORE Why Gold May Not Go Above $2,100 Without Rate Cuts READ MORE The Truth About Gold Jewelry READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment