The U.S. national debt is projected to surpass $35 trillion, with concerns raised by both Democrats and Republicans over excessive spending. A report warns that by 2054, the national debt could reach $141 trillion, leading to severe and irreversible consequences. Record debt costs may jeopardize nations' financial stability, potentially pushing them towards insolvency. Debt-for-nature swaps are proposed as a solution to provide a $100 billion boost to the climate fight, aiming to mitigate the impact of escalating debt on climate spending and emerging nations' financial health.
Huge debt costs mean climate spending could make emerging nations insolvent, report says https://t.co/saz3oUXmu8
Record debt costs mean climate spending could push nations to brink of insolvency https://t.co/7afBaJrROV https://t.co/Eji9xuTR70
Debt-for-nature swaps could give $100 billion boost to climate fight, says report https://t.co/qov9D4hm4T https://t.co/NtSjpkolO1
⚠️ RECORD DEBT COSTS MEAN CLIMATE SPENDING COULD PUSH NATIONS TO BRINK OF INSOLVENCY Full Story → https://t.co/NXBfO9UBpM https://t.co/n7iUIUbcM2
America will be left with "severe, irreversible scars" if national debt goes unchecked. Now, a blockbuster report warns the bill is higher than believed, hitting $141 trillion by 2054. https://t.co/oB4H4UPhZE
The U.S. national debt is soon expected to pass $35 trillion yet both Democrats and Republicans continue spending money the country doesn't have. https://t.co/aXqQtGUiWi