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flag U.S. deficit to hit $3.1 trillion by 2035, driving debt to 100% of GDP and forcing tough choices on taxes or spending.

flag The U.S. federal deficit is projected to reach $3.1 trillion by 2035, driven by spending of $7 trillion and revenue of $5.2 trillion in 2025, resulting in a 5.9% deficit relative to GDP and debt equal to 100% of GDP—levels last seen during wartime. flag By 2036, debt is expected to hit 120% of GDP, increasing interest rates and inflation risks. flag North Carolina will face reduced federal funding for Medicaid, infrastructure, and public services, forcing state leaders to choose between tax hikes or spending cuts as past bailouts become unlikely. flag No easy fix exists, and most Americans will likely face higher taxes or diminished public services.

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