$BTC

The U.S. national debt has reached record levels exceeding 37 trillion dollars, at a time when concerns are rising about the implications for the financial and economic stability of the United States and the world. This alarming increase is due to a combination of structural factors, primarily the aging population and rising healthcare costs, which exert tremendous pressure on long-term government spending programs such as health insurance and retirement. Concurrently, servicing the national debt through interest is the fastest-growing item in the budget, with expectations to drain 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 U.S. financial system approaching a critical point that could witness a crisis of confidence in the dollar and Treasury bonds, especially amid declining international enthusiasm for holding these bonds, as recently seen in 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, the solutions appear limited without a clear political will to rein in spending and restore budget balance.