this post was submitted on 03 Mar 2024
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United States | News & Politics

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Hotshot Wharton professor sees $34 trillion debt triggering 2025 meltdown as mortgage rates spike above 7%: 'It could derail the next administration' (fortune.com)
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[–] yogthos@lemmy.ml 2 points 7 months ago

They don't run out of money, but they do increase yearly debt payments reducing the overall operating budget for the government.