US national debt surpasses $36 trillion

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For the first time in history, the US national debt has surpassed $36 trillion, marking an alarming milestone. This staggering figure represents a nearly $1 trillion increase in just four months, with debt rising by 6% from January to November 2024.

By 2027, projections suggest the debt will exceed 106% of GDP, and by 2034, it could hit 122%. The rapid debt surge is driven by escalating government spending, economic pressures, and the ongoing need for stimulus in tough times.

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This debt burden isn’t just a domestic issue; it threatens global economic stability. As the deficit expands, experts warn of profound consequences both at home and abroad. Will the US ever be able to reverse this dangerous trend, or are we on the verge of a financial collapse?

Sources:

https://menafn.com/1108904885/US-national-debt-exceeds-USD36-trillion

https://www.usdebtclock.org/

https://www.census.gov/

https://www.bea.gov/

https://www.budget.house.gov/press-release/us-national-debt-surpasses-35-trillion