#USNationalDebt

'Just surpassed $37,000,000,000,000'

At current levels ,annual deficits of $2 trillion are driving the debt surge, fueled by rising spending and stagnant revenue growth .

As of June 20, the U.S. government owes more than the entire economy produces in a year. The Congressional Budget Office projects that without major reform ,debt will soar to 156% of GDP by 2055