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Rick Newman discusses how the escalating US national debt, which has reached $36 trillion, poses a serious challenge for President Trump. Despite decades of warnings about fiscal mismanagement from past administrations, Trump is the first to confront a credit rating downgrade by Moody's due to political dysfunction, amidst ongoing plans for substantial tax cuts that could worsen the debt situation. The article highlights the urgent need for reform in mandatory spending programs and taxes to stabilize the economy.
Source: YAHOO