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US public debt exceeds $ 22 trillion for the first time
13:52 - 13/02/2019
Information / Baghdad ..
US public debt surpassed $ 22 trillion for the first time, which experts saw as evidence that the country was on an unsustainable financial path that could jeopardize the economic security of every American.
The US Treasury reported that the US public debt amounted to 22.012 trillion dollars, an increase of 30 billion dollars from last month.
US media reported that US debt rose more quickly after passing a tax law, more than a year ago the US economy was costing $ 1.5 trillion, which included severe tax cuts, which President Donald Trump had promised to implement.
In addition, Congressional efforts to increase spending on domestic and military programs have added more than $ 1 trillion in debt over the past 11 months alone.
"Getting to this unfortunate point so quickly is the latest sign that our financial situation is not only unbearable but is rapidly worsening," said Michael Peterson, chief executive of Peter J. Peterson, a non-partisan organization to address the challenges facing the United States. . Ending / 25
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