#USNationalDebt
The American national debt has reached record levels exceeding 37 trillion dollars, at a time when concerns are rising about the implications for the financial and economic stability of the United States and the world. This alarming increase is attributed to a mix of structural factors, primarily an aging population and rising healthcare costs, which put immense pressure on long-term government spending programs like 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 dollars over the next decade, potentially undermining the government's ability to finance its future priorities. This comes alongside serious warnings from prominent economists, who believe that the American financial system is approaching a critical point that could see a crisis of confidence in the dollar and Treasury bonds, especially given the declining international enthusiasm for holding these bonds, as recently occurred with some central banks. Additionally, the continued issuance of high-yield bonds to cover the deficit deepens 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 curb spending and restore balance to the budget.