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 Silver Outshines Gold with 22% Return, Supply Deficit Expected READ MORE Fed's Michelle Bowman Emphasizes Caution in Monetary Policy to Counter Inflation READ MORE Powell Says a March Rate Cut is Unlikely READ MORE Central Bank Digital Currencies (CBDCs) – Accelerating towards Dystopia READ MORE Central Banks' Gold Reserves Grow for Ninth Month Despite Slowdown READ MORE Add a Comment Cancel replyYour email address will not be published.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