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5 common misconceptions about the US's $32 trillion debt mountain

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Summary
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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

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not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

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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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