#USNationalDebt

The US national debt has recently surpassed $37 trillion, with each citizen's share amounting to over $107,000 and the average taxpayer's share exceeding $323,000. Here's a breakdown of the current situation:

- *Total Debt*: The national debt stands at over $37 trillion, with the total US debt obligation, including unfunded liabilities, reaching $104.5 trillion.

- *Debt Composition*: The debt is split into two categories:

- *Public Debt*: $28.9 trillion, owed to public investors, including foreign governments and individual investors.

- *Intragovernmental Holdings*: $7.3 trillion, owed to government agencies, such as Social Security and pension funds.

- *Interest Payments*: Interest payments alone cost taxpayers $5.47 trillion, diverting resources from other national priorities and investments. In fiscal year 2024, $1.13 trillion went toward maintaining the debt, which was 17% of total federal spending.

- *Debt-to-GDP Ratio*: The US national debt stands at approximately 121% of the nation's GDP, marking a significant increase since 2018.

- *Growth Rate*: The national debt has been growing rapidly, driven by unchecked spending and mounting liabilities, with the debt increasing by approximately $1 trillion during each of two separate 100-day periods since June 2024.

These numbers highlight the significant burden placed on working Americans and the potential long-term implications for the country's financial stability and economic growth.