Rising National Debt of $34 Trillion Could Cost 8 Million Jobs if Unchecked

The national debt is estimated to be about $34.27 trillion and could have a major impact on the job market if not addressed
A default on the debt could lead to 8 million job losses, according to White House economists
High debt leads to higher interest rates, slower business expansion and job creation
Spending cuts or tax increases to reduce the debt can also result in job losses
Potential solutions include immigration to boost entrepreneurship, raising the retirement age, and a combination of spending cuts, tax adjustments, and economic growth strategies