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Results: Record debt achieved

Published on 01/25/2024
Anonymous
2132
Money
The U.S. national debt rose to a staggering $34 trillion for the first time last week, just three months after it surpassed $33 trillion, according to data published by the Treasury Department.
1.
1.
Along with the steady increase in America's national debt, the federal government's borrowing costs on the debt are expected to triple over the next decade, according to the Committee for a Responsible Budget. Debt payments could rise from the current $475 billion to $1.4 trillion by fiscal year 2032 and $5.4 trillion by 2053. For comparison, in fiscal year 2022, the U.S. spent $944 billion on Medicare, $805 billion on Medicaid, and $1.2 trillion on Social Security. Does this outlook make things look bleak for the state of America?
Along with the steady increase in America's national debt, the federal government's borrowing costs on the debt are expected to triple over the next decade, according to the Committee for a Responsible Budget. Debt payments could rise from the current $475 billion to $1.4 trillion by fiscal year 2032 and $5.4 trillion by 2053. For comparison, in fiscal year 2022, the U.S. spent $944 billion on Medicare, $805 billion on Medicaid, and $1.2 trillion on Social Security. Does this outlook make things look bleak for the state of America?
Yes
48%
1001 votes
No
11%
233 votes
Undecided
17%
366 votes
Not Applicable
24%
500 votes
2.
2.
"The national debt is the greatest threat to America's national security, and the current addiction to reckless spending cannot be sustained," said House Speaker Mike Johnson (R-LA). "Lawmakers from both sides of the aisle have a responsibility to reduce spending and finally put America on path towards fiscal sanity." Do you agree with the House Speaker that American lawmakers are responsible for curbing the reckless spending that is driving America further into debt?
Yes
48%
1003 votes
No
10%
215 votes
Undecided
16%
340 votes
Not Applicable
26%
542 votes
3.
3.
The national debt is equal to $100,000 for every adult and child in the U.S., and the debt-to-GDP ratio is the highest it has been since right after World War II, Mississippi State Auditor Shad White said. Did you know that America's debt is so staggering that every American - man, woman and child - would have to pay a tenth of a million dollars to pay down the current debt of the country?
Yes
25%
522 votes
No
32%
676 votes
Undecided
15%
316 votes
Not Applicable
28%
586 votes
4.
4.
While the White House (of course) blamed Republicans for the staggering debt, the Biden administration was also on the receiving end of criticism for its fiscal policy. Sen. Rick Scott (R-FL) slammed Biden for "destroying our country with his reckless spending. "It took @JoeBiden just 105 days (Sept. 15-Dec. 29) to dig American taxpayers another TRILLION deeper into debt. When Biden took office, the national debt was $27 trillion. Today it's $34 trillion," Scott posted on X. Do you agree that the Biden administration's reckless spending is at least partly to blame for the record debt America is currently under?
Yes
37%
785 votes
No
19%
402 votes
Undecided
17%
355 votes
Not Applicable
27%
558 votes
5.
5.
Congress has just weeks to agree on new department budgets after the House and Senate passed a stopgap spending bill in November, averting a government shutdown. Do you have confidence that another government shutdown can be avoided after the current spending bill expires?
Yes
23%
490 votes
No
23%
473 votes
Undecided
26%
553 votes
Not Applicable
28%
584 votes
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