#USNationalDebt 🔥🔥

The national debt of the United States exceeds 36.2 trillion dollars by May 2025, with a debt-to-GDP ratio of 124%. It is divided into public debt (29 trillion, 80%), which includes bonds purchased by domestic and foreign investors, and intragovernmental debt (7.2 trillion, 20%), like Social Security trust funds. The growth is due to annual deficits caused by spending on programs such as COVID-19 relief, wars, healthcare, and Social Security, alongside insufficient tax revenues.

Interest payments reached 881 billion dollars in 2023, representing 10.7% of federal spending. Per person, the debt amounts to approximately 106,000 dollars, considering a population of 340 million. The rise in interest rates, now averaging 3.36%, raises the costs of servicing the debt. The Congressional Budget Office projects that the debt could reach 54 trillion dollars by 2035 and 181% of GDP by 2053 if no changes are made.

The debt ceiling, reinstated at 36.1 trillion in January 2025, could lead to a crisis if not addressed before August or September 2025. The sustainability of the debt is a critical issue, as continued growth could limit the government's ability to finance essential programs. Proposed solutions include raising taxes, reducing spending, or reforming programs like Medicare and Social Security. However, decisions are politically sensitive and require consensus. Avoiding a default demands timely legislative action to raise or suspend the debt ceiling. 💥🔥🚀