U.S. Federal Debt Reaches New Historic Highs

BREAKING: U.S. federal debt has surpassed $35 trillion for the first time in history.

Since 2020, we’ve added approximately $12 trillion, averaging $280 billion in new debt every month.

This amounts to about $105,000 of debt for every American citizen.

We are back to World War II levels in terms of deficit spending relative to GDP.

How did we get here?

Analysis of Possible Solutions to Address Growing Debt

• Fiscal Austerity: 

One possible solution could be cutting public spending and increasing taxes, although this strategy might slow down the economy.

• Economic Growth: 

Robust growth could increase tax revenues and make the debt more manageable. Strategic investments in infrastructure and education could support this scenario.

Conclusion:

With such high debt, the economic future is uncertain and requires careful management.

Will we find a sustainable balance?

It’s time to address these challenges with seriousness and pragmatism.