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5 common misconceptions about the US's $32 trillion debt mountain
Summary
Nutrition label
81% Informative
The national debt just blew past $32 trillion for the first time ever, thanks to years of frenzied spending following the pandemic.
Still, experts say debt problems could arise in the future given the current rate of spending.
The US isn't at immediate risk of a debt crisis, though trouble may be brewing down the road.
VR Score
84
Informative language
83
Neutral language
48
Article tone
informal
Language
English
Language complexity
42
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
13
https://www.whitehouse.gov/omb/budget/historical-tables/https://markets.businessinsider.com/news/bonds/paul-krugman-economy-us-debt-31-trillion-ceiling-crisis-2023-5?utm_medium=referral&utm_source=yahoo.com#:~:text=The%20US%20doesn't%20actually,possibly%20defaults%20on%20some%20obligations.https://www.atlantafed.org/cqer/research/gdpnowhttps://markets.businessinsider.com/news/bonds/us-debt-levels-crisis-economy-outlook-credit-crunch-lending-defaults-2023-8?utm_medium=referral&utm_source=yahoo.comhttps://markets.businessinsider.com/news/bonds/us-debt-5-billion-every-day-for-next-10-years-2023-8?utm_medium=referral&utm_source=yahoo.comhttps://www.imf.org/en/Publications/fandd/issues/2023/09/debt-clouds-over-the-middle-east-adnan-mazarei#:~:text=Egypt%2C%20Jordan%2C%20and%20Tunisia%20are,world%2C%20is%20a%20cautionary%20tale.https://www.pgpf.org/blog/2023/07/how-much-is-the-national-debt-what-are-the-different-measures-used#:~:text=Debt%20as%20a%20percentage%20of,year%202022%20was%2097%20percent.https://www.imf.org/en/Blogs/Articles/2023/09/13/global-debt-is-returning-to-its-rising-trend#:~:text=The%20total%20debt%20stood%20at,above%20its%20level%20in%202021.https://markets.businessinsider.com/news/bonds/debt-ceiling-crisis-default-pathetic-government-revenue-spending-cuts-gdp-2023-5?utm_medium=ingest&utm_medium=referral&utm_source=markets&utm_source=yahoo.comhttps://markets.businessinsider.com/news/bonds/us-debt-maturing-bond-yields-treasury-bills-federal-reserve-qt-2023-9?utm_medium=referral&utm_source=yahoo.comhttps://markets.businessinsider.com/news/bonds/paul-krugman-nyt-economy-fitch-downgrade-debt-crisis-growth-spending-2023-8?utm_medium=referral&utm_source=yahoo.comhttps://www.businessinsider.com/us-debt-economy-outlook-government-spending-deficit-bond-market-treasuries-2023-9https://www.cbo.gov/publication/59233
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