Where are we going?

In relative silence, the U.S. national debt continues to rise at an alarming rate, currently exceeding $34.8 trillion, amid rising government spending and high interest rates.

📊 What is happening?

Just to service the debt (annual interest): the government pays more than $1.1 trillion annually!

That means that interest on the debt has become one of the largest items in the federal budget.

As the Federal Reserve continues to keep interest rates high to fight inflation, the cost is increasing more and more.

⚠️ Potential implications:

Cuts in spending on social services and education.

Increase in taxes in the near future.

The possibility of losing market confidence in U.S. bonds in the long term.

💬 Some see the situation as "sustainable as long as the dollar is the global currency," while others see it as "more like a ticking time bomb."