#USNationalDebt

Current status and key figures:

Total debt: Over $37 trillion (as of June 2025).

Debt per person: Approximately $107,984 per citizen.

All-in vegetable tax: Approximately $323,051 per taxpayer.

Debt to GDP ratio: About 123.01%. This ratio is a key indicator of economic health. Generally, a higher ratio indicates greater difficulty in repaying debt.

Interest payments: The net interest on debt is a significant and growing expense, currently exceeding $1 trillion annually and expected to reach $1.8 trillion by 2035.

Historical trends:

The United States has carried debt since its inception, with significant spikes often occurring during times of crisis or major spending initiatives:

The Revolutionary War and the Civil War: Early periods of significant debt accumulation.

World Wars (WWI & WWII): Massive increases in debt to finance war efforts. The debt to GDP ratio peaked during World War II.

The 1980s: Debt increased due to tax cuts and rising military spending.

Late 1990s: Debt decreased as a share of GDP due to reduced military spending, increased taxes, and a strong economy.