July 12, 2024

Politics

How America’s Soaring Debt Could Strangle Household Incomes

The Threatening Shadow of National Debt

A recent nonpartisan Congressional Budget Office (CBO) report has sent shockwaves through economic circles. It warns that the burgeoning national debt is poised to cast a long, dark shadow over the future prosperity of American households. If left unchecked, this debt trajectory could spell a significant slowdown in income growth for generations to come.

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