Many brothers asked, why is the US national debt so high?

Some time ago, those stupid media said that a large number of US debts due in June would burst, why is there no news?

The rapid increase of US national debt mainly has two stages.

The first stage was the three QEs of the whole people in the Obama era, which increased the national debt by 9 trillion to save the big mess of the subprime mortgage crisis in 2008. The US national debt rose from 8 trillion to 17 trillion.

Then it slowly increased to 20 trillion in the second term. The national debt increased by more than 1 times.

The second stage of substantial increase was after the epidemic in 2020, when the whole people distributed money, 1,200 US dollars per person per month, 330 million people, and distributed it for 18 months, which increased the national debt by 7.2 trillion. Then Biden continued to increase slowly in the past few years. But the main two stages are the above.

As shown in the figure, it has now exceeded 37 trillion US dollars. The average weighted interest rate of US Treasury bonds is 3.4%, that is, interest is paid twice a year, and 1.258 trillion US dollars are paid in one year. The US federal government's income is 4.4 trillion US dollars per year. At present, 28.5% of the income is needed to repay interest.

It can be expected that as the total amount increases, he will inevitably repay more and more interest. So Trump strongly jumped to Powell to lower interest rates, thereby reducing the financing rate of Treasury bonds.

Otherwise, when the US Treasury debt reaches 50 trillion US dollars, it will still be unbearable with such a high interest rate. Those who shouted that the US Treasury bonds would burst in June did not calculate it and shouted blindly.