The central issue surrounding the national debt is its unprecedented level, now exceeding $36 trillion, and the looming possibility of the U.S. defaulting on its obligations. Political attention has intensified as the economy grapples with immense debt fueled by military spending and tax cuts, particularly as comparisons to more stable nations, like China, emerge. Experts warn that this trend may lead to a crisis, as past administrations have neglected warning signs, failing to adequately address the consequences of rising debt levels and wealth inequality in the U.S.
The national debt has become a political weapon, but it represents a very real threat, with experts warning of a reckoning as it surpasses GDP.
With China's rising economy, investors may choose to put their money into more stable countries, leaving the U.S. vulnerable due to ongoing wealth inequality.
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