If a person maxes out their credit card and struggles to make payments, they cut spending. They cancel subscriptions. They skip restaurants. They adjust. Governments do the opposite. When the United States runs out of room, it prints more. The burden doesn’t fall on the ones who spent it. It falls on the people holding the currency. That’s inflation. That’s the tax nobody votes for.
The U.S. national debt has now surpassed $37 trillion. That figure is not a projection. It’s the current balance. Since 2019, federal spending has surged 51.7 percent, reaching $6.7 trillion annually. The deficit has nearly doubled to $1.83 trillion. Interest payments alone now consume 13.55 percent of all federal outlays. That’s $233 billion per year just to service the debt. No infrastructure. No defense. No education. Just interest.
The United States 🇺🇸 National Debt just moved up over $37 Trillion pic.twitter.com/7HRIDfNMoI
— Evan (@StockMKTNewz) June 20, 2025
Break it down by household. The debt load now equals $273,891 per U.S. household. That is the share of the tab every family carries, whether they signed up for it or not. And it’s growing.
The “One Big Beautiful Bill” was pitched as a fix. It wasn’t. It got carved up by special interests. The structural waste remains. Cost-plus defense contracts continue to bleed billions. Medicaid middlemen skim off the top. Reforming just those two areas could save over $700 billion annually. But they remain untouched.
Debt ceilings are still treated like theater. They rise. They fall. They rise again. But the spending never slows. The printing press keeps humming. And the burden keeps shifting. Not to the lawmakers. To the citizens. Through inflation. Through higher taxes. Through reduced purchasing power. The government borrows. The people pay.
The Congressional Budget Office projects that extending current tax cuts would add another $37 trillion to the debt by 2054. That would push debt-to-GDP ratios past 214 percent. Interest payments are now the fastest-growing line item in the federal budget. They are projected to surpass defense spending by 2027.
This is not a partisan issue. It is a math issue. The numbers are public. The consequences are not hidden. The government has the privilege of printing money. Individuals do not. When the government spends irresponsibly, the citizenry absorbs the cost. Through inflation. Through stagnation. Through lost opportunity.
Sources:
https://www.cryptopolitan.com/u-s-national-debt-crosses-37-trillion/
https://www.crfb.org/blogs/tax-cut-extensions-would-add-37-trillion-debt-2054
https://finance.yahoo.com/news/elon-musk-warns-us-faces-183121946.html