That is work requirements, which Republicans want to add more of for some benefits.Īnd then the other one, here you see Republicans, the White House lawmakers coming in for the morning meeting. Really, there - there is some agreement over many areas, but they are not making any distance over two big areas. In fact, Speaker McCarthy earlier today said talks had broken down. Talks are at a standstill at this moment. As you said, I was on the Hill with our producer Kyle Midura. is shouldering a national debt that is 98 percent of what we will produce this year.Īnd, much worse, if nothing changes, in 30 years, the debt is forecasted to soar to be nearly twice as large as everything the economy produces, a potentially overwhelming weight for the U.S. The debt equaled 36 percent of the combined earnings, goods, and everything the U.S. So, how big is our debt compared to the economy trying to hold it up?īack in the year 2000, it was a relatively easy. But what matters is not just the size of the debt, but the size of the economy, or person, trying to handle that debt. The national debt is a weight, sometimes a heavy weight, like a barbell at a gym. And that is how most experts approach this. But we also have the largest economy in the world. national debt, in dollars, is by far the largest in the world. If all Americans pitched in, it would take $94,000 from each one of us, every man, woman and child, to pay off the national debt. That's an enormous, almost nonsensical number. That stacked up to that $31.4 trillion in debt we have now. government spent on those things was far greater than the amount of money it had brought in to pay for them. military, food stamps, and other benefits, fixing roads, Head Start and schools, the environment, national parks, and 1,000 other areas. But what does that mean?įor one, that's decades' worth of government spending, things like Medicaid and other health care, the U.S. government owes, is currently $31.4 trillion. OK, the national debt, all of the money the U.S.
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