#USNationalDebt The US national debt has surpassed $37 trillion, driven by unchecked spending and mounting liabilities. Here's a breakdown of the current situation¹:

- *Total Debt*: Over $37 trillion, with the total US debt obligation, including unfunded liabilities, reaching $104.5 trillion.

- *Per-Citizen Debt*: Approximately $107,984 per citizen, with the average taxpayer's share being around $323,051.

- *Interest Payments*: Interest on the national debt has exceeded $1 trillion, with taxpayers paying around $5.47 trillion in interest costs.

- *Debt-to-GDP Ratio*: The debt-to-GDP ratio stands at 123.01%, indicating a significant burden on the country's economy.

*Recent Trends:*

- The national debt has been increasing rapidly, with the gross national debt reaching $36 trillion in November 2024 and surpassing $37 trillion in June 2025.

- The federal budget deficit has exceeded $2 trillion, driven by government spending and reduced revenue.

*Economic Implications:*

- The rising national debt and expanding budget deficit pose significant challenges for future generations and may limit the government's ability to respond to economic crises.

- Higher taxes, reduced public services, and potential inflation are possible long-term consequences of the current debt trajector