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[The US treasury bond has exceeded 34 trillion US dollars! Xiaomo warns that this is like a "frog boiling in warm water" to the US economy.] At the time when the US government expenditure is being strictly reviewed by the Congress, the US treasury bond has expanded to a terrible level of 34 trillion US dollars. As the US debt problem becomes more and more serious, economists are increasingly worried about it. JPMorgan Chase has warned that as the US deficit continues to grow and the cost of debt repayment continues to expand, the US debt problem is becoming increasingly unsustainable, and for the US economy, it is becoming more like a "boiling frog" problem.
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