Watch my returns and details of my investment portfolio. Follow me for more investment tips.

The US national debt exceeds $34.8 trillion.. where are we going?

In relative silence, the US national debt continues to rise at a concerning 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 over $1.1 trillion annually!

This 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 combat inflation, the costs are increasing more and more.

⚠️ Potential implications:

Reduction in spending on social services and education.

Increase in taxes in the near future.

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