US national debt surpasses a staggering $33 trillion, raising serious concerns for the nation's future.
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Despite claims of deficit reduction, President Biden's policies have contributed to the growing debt crisis.
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In less than a year, the debt has surged from $31 trillion to $33 trillion, highlighting an alarming trend.
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The escalating debt poses significant risks, including crowding out spending for other crucial priorities and higher interest rates.
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The debt issue should be at the forefront of budget discussions in Congress to avert a potential government shutdown.
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While Republican infighting and short-term fixes dominate the political stage, addressing the monumental debt is paramount.
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Maya MacGuineas emphasizes the urgency of finding real solutions and deems current political talk as irresponsible.
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The deficit nearly doubled to around $2 trillion in the past fiscal year, surpassing predictions even after pandemic-related spending.
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Both parties share responsibility for the high spending levels, warranting a bipartisan approach to tackle the debt crisis.
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Calls for a bipartisan fiscal commission to address long-term debt issues, including programs like Social Security and Medicare, are gaining traction.
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