$BTC
The American national debt has reached record levels exceeding $37 trillion, at a time when concerns are rising about the implications for financial and economic stability in the United States and the world. This alarming increase is due to a combination of structural factors, primarily the aging population and rising healthcare costs, which put tremendous pressure on long-term government spending programs such as health insurance and retirement. Concurrently, servicing the national debt through interest payments has become the fastest-growing item in the budget, with expectations that it will consume more than $13 trillion over the next decade, potentially undermining the government's ability to finance its future priorities. This is accompanied by serious warnings from prominent economists who see the American financial system approaching a critical point that could witness a crisis of confidence in the dollar and Treasury bonds, especially in light of declining international enthusiasm for holding these bonds, as recently observed in some central banks. Additionally, the continued issuance of bonds with high yields to cover the deficit deepens the risks and threatens the stability of the entire debt market. Despite the government's efforts to contain the situation through regulatory measures and tax reforms, solutions appear limited without a clear political will to rein in spending and restore balance to the budget.
