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@RandPaul The national debt is over $36.9 TRILLION! That equates to: 👤More than $107,000 per citizen 💰More than $323,000 per taxpayer 💸Debt-to-GDP ratio of 122%

Bridgewater founder Ray Dalio said Moody’s downgrade of the U.S. credit rating does not take into account the risk of the federal government printing money to pay its debt. Bond holders would suffer losses due to the depreciating value of the money they are getting paid, Dalio said. ... Bridgewater Associates founder and billionaire Ray Dalio warned Monday that Moody’s downgrade of the U.S. sovereign credit rating understates the threat to U.S. Treasurys, saying the credit agency isn’t taking into account the risk of the federal government simply printing money to pay its debt. “You should know that credit ratings...

National debt refers to the outstanding financial obligations of a country. The national debt of the United States is what the federal government owes to its creditors. The U.S. has always carried national debt and the majority of presidents have added to it. However, total national debt has been expanding rapidly since 2008 due to a combination of increased government spending and failure to raise taxes. 1 Key Takeaways As of January 2025, the U.S. national debt was over $36.2 trillion. 2 Tax cuts, stimulus programs, and increased government spending on defense can cause the national debt to rise sharply....

Last month, in an interview with Tucker Carlson, J.D. Vance said he worried about the U.S. government bond market in the early stages of a Trump presidency. Because of Biden-Harris spending, the U.S. is adding about $2 trillion to the national debt every year, he said, and “The only thing that makes that serviceable is that interest rates are still pretty low.” If interest rates go much higher, say to 8 percent, “that can become a huge spiral that could take down the finances of this country.” Vance said that international investors and foreign countries — beneficiaries of globalization —...

The presidential campaign season is once again turning politicians into pandering game show hosts, promising voters huge tax cuts and spending expansions with no regard to the debt crisis these policies will accelerate. Budget deficits are set to exceed $2 trillion this year — despite relative peace and prosperity — and then surge to $4 trillion within a decade under current policies. For the first time since the end of World War II, the federal debt will top 100% of the gross domestic product. The impending completion of the Biden-Harris administration brings an opportunity to assess their role in these...

Every U.S. citizen now owes roughly $100,000 in federal debt. That is the grim news from the most recent study by the Congressional Budget Office (CBO). CBO data show that federal debt has been growing at an unsustainable rate for decades and will continue to do so in coming years. At some point, the United States will hit a fiscal cliff, when lack of confidence in the ability of the federal government to repay the debt will result in sharply higher interest rates and default. We are in the final years of our debt crisis. Congress is simply unable to...

here’s a new report out by the Congressional Budget Office with an updated projection of the federal deficit for the 2024 fiscal year—in February, the office calculated we as a nation would be an additional $1.5 trillion in the red, but now that number has jumped 27% to $1.9 trillion, or a additional $400 billion.The CBO report identified several factors impacting this increase, with Cadaver Joe’s vote-buying student loan “forgiveness” scheme accounting for the “largest” portion of it. Here are the details, from a CNN report:Most of the spike in the fiscal 2024 deficit stems from four factors that are...

You may have heard that the 2017 GOP tax cuts blew a giant hole in the federal budget—or so Democrats tell voters. The Congressional Budget Office’s revised 10-year budget forecast out Tuesday offers a reality check. Spending is the real problem, and it’s getting worse. CBO projects that this year’s budget deficit will clock in at roughly $2 trillion, some $400 billion more than it forecast in February and $300 billion larger than last year’s deficit. This is unprecedented when the economy is growing and defense spending is nearly flat. The deficit this fiscal year will be 7% of GDP,...

Interest payments on the nation’s ballooning debt just eclipsed spending on defense and Medicare, worrying policy experts who have warned this threatens to undermine U.S. economic stability. In the first seven months of fiscal year 2024, which began in October, spending on net interest surged to $514 billion, surpassing spending on both national defense ($498 billion) and Medicare ($465 billion). In fact, interest costs have topped spending on veterans, education and transportation combined. Rising debt will continue to put upward pressure on interest rates," the Committee for a Responsible Federal Budget (CRFB), a nonpartisan group that advocates for lowering the...

The International Monetary Fund sounded the alarm on the Biden administration’s rampant spending as “out of line with what is needed for long-term fiscal stability.” The latest forecast from the IMF — a Washington-based group tasked with fighting financial crises worldwide — warned that the ballooning national debt and the fiscal deficit threatened to exacerbate sky-high levels of inflation while posing a long-term risk to the global economy. The IMF noted in its forecast that the US federal budget deficit grew from $1.4 trillion in fiscal 2022 to $1.7 trillion last year. ... The debt held by the public, which...

The International Monetary Fund (IMF) warned Tuesday that America’s recent economic performance is partially the result of the country’s unsustainable fiscal practices, creating risks for the global economy. “The exceptional recent performance of the United States is certainly impressive and a major driver of global growth, but it reflects strong demand factors as well, including a fiscal stance that is out of line with long-term fiscal sustainability,” the IMF wrote in its latest World Economic Outlook. “This raises short-term risks to the disinflation process, as well as longer-term fiscal and financial stability risks for the global economy since it risks...

Most readers regularly consume staggering numbers about our debt and deficit, but not all those that report this news will put those numbers in a perspective that provides meaningful context. I will try to do that here. The USA is on track to have a national debt of $35 trillion very soon, which is rising by $1 trillion about every 100 days. That’s $3.6 trillion every year. We’re no longer doling out free cash for COVID, so it’s a good assumption the $3.6 trillion additional annual debt is this administrations “business as usual.”According to Financebuzz total private wealth in the...

President Vladimir Putin is set to extend his 24 years as Russia's paramount ruler in an election on March 15-17 and has promised more than 11.5 trillion roubles ($126.5 billion) in infrastructure and social spending over the next six years. "This is the programme of a strong, sovereign country that confidently looks to the future," Putin told Russia's elite including lawmakers in a speech on Feb. 29. "We have both the resources and tremendous opportunities to achieve our goals." Russia's total budget spending in 2024 is planned at 36.6 trillion roubles, with military expenditure set to exceed social spending for...

A billboard in New York City’s Times Square warns of the “ticking time bomb” that is the $34 trillion national debt. Released by the nonprofit Committee to Unleash Prosperity (CTUP) group, the ad campaign includes a 50-f00t-high billboard that will run for three months in Times Square. The digital billboard features a video of people running away in fear of a giant countdown of the national debt until it finally explodes in oblivion. Take a look: Scared of the national debt? You should be. @Comm4Prosperity's NEW Time Square billboard warns of the threat posed by the "ticking time bomb" of...

A leading economist is warning of the dire economic consequences of a U.S. national debt that is currently increasing by $1 trillion every 100 days. On Monday, Stephen Moore, a distinguished fellow in Economics at The Heritage Foundation, joined “Washington Watch with Tony Perkins” to discuss the current economic outlook for America as the national debt continues to balloon at an unprecedented rate.

The U.S. began adding $1 trillion worth of debt about every three months beginning last June, a Bank of America investment strategist Michael Hartnett first pointed out in an investment note published last week. The national debt is currently $34.48 trillion and rising. It surpassed $34 trillion for the first time in U.S. history on Jan. 4. Three months prior, the debt first reached $33 trillion on Sept. 15, 2023. Three months prior to that, it first reached $32 trillion on June 15, 2023. “The national debt is the amount of money the federal government has borrowed to cover the...

Social Security and Medicare are underfunded by $175 trillion. The nightmare arrives. In 2014 I published my first book while I was in Hong Kong. This book focused on the insane policies of the Obama/Biden regime and offered solutions that were working overseas. The biggest problem on the table was the massive amount of unfunded liabilities that were being created under the Biden regime. Below is what I wrote at that time (pp. 23-24). Even more alarming than the US’s annual deficits or federal debt burden is the amount of its unfunded liabilities. Unfunded liabilities are financial promises made with...

The debt load of the U.S. is growing at a quicker clip in recent months, increasing about $1 trillion nearly every 100 days. The nation’s debt permanently crossed over to $34 trillion on Jan. 4, after briefly crossing the mark on Dec. 29, according to data from the U.S. Department of the Treasury. It reached $33 trillion on Sept. 15, 2023, and $32 trillion on June 15, 2023, hitting this accelerated pace. Before that, the $1 trillion move higher from $31 trillion took about eight months. U.S. debt, which is the amount of money the federal government borrows to cover...

As Commander Cody sang, “We have too much debt.” “The prices of some things will decline. Others will go up. But we don’t expect to see a decline in the overall price level,” said Federal Reserve Chair Jerome Powell, Nvidia stock hitting new highs, its market cap soaring to $1.78trln. “That doesn’t tend to happen in economies, except in very negative circumstances. What you will see, though, is inflation coming down,” explained the Fed Chairman, the average American neither understanding nor caring about the nuance. “I would say this. In the long run, the US federal government is on an...

Federal budget analysts said Wednesday that debt held by the U.S. public is on track to hit a record high in the coming years because the federal budget deficits are projected to climb over the next decade. The Congressional Budget Office (CBO) projected the debt held by the public will rise significantly over the next decade, climbing from 99 percent of GDP in 2024 to 116 percent in 2034. The jump would mark a high-water mark, the CBO said, while noting that, absent policy changes, the debt is likely to continue the upward trajectory after 2034. Federal outlays are also...