The US 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 rise is due to a combination of structural factors, primarily the aging population and rising healthcare costs, which place immense 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 to consume over 13 trillion dollars over the next decade, which could undermine the government's ability to finance its future priorities. This is accompanied by serious warnings from prominent economists who believe that the US financial system is approaching a critical point that could witness a crisis of confidence in the dollar and Treasury bonds, especially in light of the declining international enthusiasm for holding these bonds, as seen recently with some central banks.