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U.S. debt reaches $39 trillion and interest costs increase, David Schweikert warns

U.S. debt reaches $39 trillion and interest costs increase, David Schweikert warns
U.S. debt climbs past $39 trillion

The U.S. national debt has now surpassed $39 trillion, according to Representative David Schweikert. He emphasized that this growing debt should be alarming for anyone with children or those hoping to retire with financial security.

Schweikert also pointed out that interest payments on the debt continue to climb, warning that each year lawmakers avoid confronting the issue makes the country less stable for American families.

Schweikert’s warnings reflect broader demographic challenges, as previous analysis detailed how an aging population drives higher U.S. spending and debt, further complicating efforts to rein in fiscal imbalances.

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