$37 Trillion and Counting: America’s Debt Spiral Has No Brake Pedal
amie Redman
|
10276 views
|
Economics
The United States has racked up more than $37 trillion in national debt, a colossal tab that casts a long shadow over the country’s financial future and economic footing. For years, America has been drifting deeper into a whirlpool of unchecked spending and mounting liabilities.
Buried in IOUs: U.S. Debt Hits $37 Trillion With No End in Sight
This monumental figure translates to $107,984 owed for every U.S. citizen and a crushing $323,051 for every taxpayer, highlighting the immense weight placed on working Americans. Official federal spending reached $7.17 trillion in the past year, far exceeding revenue and resulting in a $2 trillion budget deficit. These are not accidental figures. They are the logical consequence of a system that no longer values production but exalts redistribution.
Source: usdebtclock.org
The debt-to-GDP ratio, a critical measure of economic health, now stands at 123.01%, a dramatic increase from 57.41% in 2000 and 34.60% in 1980. Driving this spending are massive mandatory programs: Medicare/Medicaid costs hit $1.69 trillion, Social Security required $1.52 trillion, and net interest on the debt itself consumed $1.03 trillion – exceeding the $908 billion spent on defense.
Compounding the crisis, the total U.S. debt obligation, including unfunded liabilities, balloons to an almost incomprehensible $104.5 trillion. Interest payments alone cost taxpayers $5.47 trillion. These costs divert resources from other national priorities and investments. Debt creation has replaced wealth creation. With over $22 trillion in money supply and $1.68 trillion in “future” Treasury dollars conjured from nothing, the government trades counterfeit confidence for real capital.
Simultaneously, Americans face significant economic pressures. Median income is $43,834, while costs have skyrocketed: healthcare now averages $15,584 annually (up from $5,434 in 2000), college tuition is $27,539 (up from $10,734), and the median new home costs $411,091 (up from $164,777). Some 37.4 million Americans live in poverty.
Moreover, currency devaluation is not a symptom—it is also the cause of this downward spiral. When a government inflates its money supply, it robs every dollar of its value, punishing savers and rewarding reckless debt. This silent theft erodes purchasing power, distorts markets, and enables limitless spending without accountability. It is moral fraud disguised as economic policy, replacing real wealth with illusion.
Many widely agree the current economic trajectory is unsustainable. The ballooning debt, fueled by persistent deficits and rising interest costs, poses a severe long-term threat to the U.S. economy, potentially requiring painful fiscal adjustments or risking deeper instability.
Welcome to Billionaire Club Co LLC, your gateway to a brand-new social media experience! Sign up today and dive into over 10,000 fresh daily articles and videos curated just for your enjoyment. Enjoy the ad free experience, unlimited content interactions, and get that coveted blue check verification—all for just $1 a month!
Account Frozen
Your account is frozen. You can still view content but cannot interact with it.
Please go to your settings to update your account status.
Open Profile Settings