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 Declining Confidence in Credit Card Repayment Among Americans READ MORE Oil Markets in a Tightrope Walk: Supply Scarcity and Economic Woes READ MORE Goldman Sachs: Gold Prices Are Forecast To Rise 6% in the Next 12 Months READ MORE Copper Prices Dip Amidst Dollar Strength and China's Real Estate Slump READ MORE Gold’s Behaviour Points to Sustained Strong Demand READ MORE Add a Comment Cancel replyYour email address will not be published.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