The American national debt has reached record levels exceeding 37 trillion dollars, amid rising concerns about the implications for the financial and economic stability of the United States and the world. This alarming rise is due to a combination of structural factors, primarily an aging population and rising healthcare costs, which put immense pressure on long-term government spending programs such as health insurance and retirement. Concurrently, servicing the national debt through interest payments has become the fastest-growing item in the budget, with expectations that it will consume more than 13 trillion dollars over the next decade, potentially undermining the government's ability to fund its future priorities. This is accompanied by serious warnings from prominent economists who see the American financial system approaching a critical point that may witness a crisis of confidence in the dollar and Treasury bonds, especially in light of waning international enthusiasm for holding these bonds, as recently occurred with some central banks. Additionally, the continued issuance of high-yield bonds to cover the deficit deepens the risks and threatens the stability of the entire debt market. Despite the government's efforts to contain the situation through regulatory measures and tax reforms, solutions appear limited without a clear political will to rein in spending and restore balance to the budget.
