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 Pandemic Savings Depleted: Economic Uncertainty Looms as American Debt Rises READ MORE Tech Stocks Lead Market Plunge Amid Economic Uncertainty READ MORE Gold Climbs on Anticipation of Fed Rate Cuts and Middle East Unrest READ MORE Mortgage Markets Shudder as Interest Rates Soar Past 7% READ MORE Record Lows for Yen Trigger Stock Surge – But at What Cost? READ MORE Add a Comment Cancel replyYour email address will not be published.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