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The US Debt Is at $34 Trillion: Why Are We Struggling To Pay Our Loans If the Government Can t?

The U.S. government's spending habits have reached a new record, and it's currently more than $34.5 trillion in debt. But owing money is nothing new it's a part of the country's historical.

Here s why economists are so worried about soaring US debt levels

The government's soaring debt balance risks stoking inflation and lowering the quality of life for Americans, economists said.

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