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The U.S. Congress Joint Economic Committee data shows that the national debt is close to $38 trillion and increasing at a rate of roughly $6 billion daily. The total national debt now stands at about $37.8 trillion.  Recent spending measures, such as the One Big Beautiful Bill Act, have expanded the projected deficits by $4.1 trillion for the next decade. The bill aimed at saving up to $1.6 trillion but increased the borrowing rate, which added to the debt load. U.S. national debt grows by $69,890 per second The U.S. Bureau of Economic Analysis revealed that the American government borrows roughly $1 trillion every five months. The current total debt has also exceeded the size of the entire country’s economy. The debt-to-GDP ratio stands at 119.4%, placing the U.S. among the world’s most indebted developed countries and above the 2008 financial crisis levels. The Bureau projects the total amount will surpass $52 trillion by 2035 if the trend patterns hold. Thanks to the One Big Beautiful Bill Act, the debt just officially passed the $37 trillion mark. pic.twitter.com/x4iCOdL2q5 — Thomas Massie (@RepThomasMassie) August 13, 2025 The U.S. total debt is approximately $37.8 trillion currently, with a growth rate of $69,890 per second, which is nearly $4.2 million every minute. If the current trend holds, the debt will surpass the $38 trillion mark in a few weeks. The rise in interest rate expenditures to $879.9 billion in 2024 is one reason amplifying the cost of servicing the debt.  Last year alone, the government spent $879.9 billion on net interest payments, surpassing Medicare, $874.1 billion and national defence’s $873.5 billion for the first time. Interest costs account for 13% of all federal spending, making them the third-largest budget item after Social Security and health care. Between 2017 and 2021, annual interest payments…

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Filed under: News - @ October 6, 2025 5:24 pm