U.S. National Debt Ceiling

US Government funding ran out September 30, 2021. The U.S. government owes nearly $29 trillion. U.S. state and local governments owe another $3.5 trillion. Americans today already owe a total $32.5T for public infrastructure. And, since Congress could pass a new $3.5 trillion bill on September 27th, it’s widely reported the government will default unless it borrows more money, wiping out up to $15 trillion in wealth and costing millions of jobs!

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