#USNationalDebt

#USNationalDebt: What does it mean for you?

The U.S. national deficit has reached $36.2 trillion, an amount equivalent to $106,447 per person or $273,904 per household. This level of debt, which grows at a rate of $4.27 billion per day, raises serious questions about the country's economic future.

Why does it matter?

1. Interest costs: The government spends $2.6 billion daily just to pay interest, limiting investment in education, infrastructure, and health.

2. Fiscal pressure: With a debt/GDP ratio of 121%, the country increasingly relies on foreign loans (25% of the debt is owned by other countries, like Japan and China).

3. Generational risk: If not controlled, the debt could exceed 172% of GDP by 2054, leaving an unsustainable burden for future generations.

What drives this growth?

- Spending on social programs (like Social Security and Medicare).

- Rising interest rates, which increase the cost of existing debt.

- Recurring budget deficits, exacerbated by crises like the COVID-19 pandemic.

Is it time for a change? Debt is not just a number: it affects jobs, taxes, and opportunities. Share your opinion with #USNationalDebt!

Sources: Joint Economic Committee, USAFacts, PGPF, Al Jazeera.