The U.S. Faces a HUGE Debt Crisis... #shorts

The US is currently facing a monster debt crisis, but it all boils down to one very fixable issue. The U.S. debt currently sits at 32.3 trillion dollars, but the problem is that's been rising at an ever-increasing rate. The fundamental reason for this is that the United States spends more than it earns, and this is called a deficit.

Now, when a country spends more than it earns, the difference is made up by going into debt, in much the same way that you might take on a loan when you buy something that you can't afford. The problem with the US, though, is since the turn of the century, the annual deficit has been getting worse and worse, meaning each year you need to take on more debt than the last just to survive.

That's how the US debt has ballooned so much. So what's the solution? The government needs to fix the deficit; that means they either need to earn more or spend less. The problem is that usually means either raising taxes or reducing funding for things like infrastructure, defense, education, Medicare, or Social Security.

Those changes are obviously unpopular politically, so naturally, nothing gets done about it. And that's why.