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28 August 2026 at 4:12 am
Summary
The US national debt has surpassed $40 trillion, while Social Security faces insolvency by 2032, partly due to wealthy Baby Boomers collecting over $100,000 annually in benefits. This situation highlights a growing financial burden on younger generations, with CBO projections indicating significant increases in federal spending on Social Security and Medicare, and a lack of understanding among Americans about how the program works.
US National Debt Surpasses $40 Trillion, Forcing Difficult Economic Choices
22 Aug 2026, 4:28 pm · Government
Scott Bessent on National Debt: '$40 Trillion Number' Not Magic, US Can Grow Out of It
21 Aug 2026, 12:02 am · Finance
National Debt Tops $40 Trillion, Doubling in Under a Decade
20 Aug 2026, 4:38 am · government policy
National Debt Crosses $40 Trillion, Think Tank Warns of 'Tragic Fiscal Mismanagement'
20 Aug 2026, 3:35 am · Government
Bank of America Warns Bond Investors as National Debt Nears $40 Trillion
19 Aug 2026, 1:36 am · Economy
Lawmakers Propose Solutions to Ensure Social Security Solvency for Decades
27 Aug 2026, 7:42 pm · Economy
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