7.29911672837 trillion dollars! U.S. debt reaches a new high, alarm bells ring for the world economy
Folks, this is a big deal! The national debt of the United States has actually skyrocketed to a historic high of 37 trillion dollars. This number is enough to make the Earth tremble!
What's even scarier is that 25% of U.S. tax revenue is used to pay interest on the debt. It's like a person who spends a quarter of their income just on interest; how can they live well? The government is the same way, using all its money to pay off debts—what can guarantee public services and social welfare?
This massive debt is like a bomb that could explode at any moment. People are worried that inflation might escalate, whether the dollar's status can remain stable, and if the U.S. can maintain fiscal stability in the long run. It's important to know that the dollar holds a crucial position in the international monetary system, and if it encounters problems, the global economy will tremble along with it.