National Debt Surges Past $39 Trillion Doubling Trump’s Erase It Vow
The U.S. national debt has surpassed $39 trillion, reaching this new record in less than five months, a pace deemed unsustainable by experts. This development comes as the debt has roughly doubled since January 2017, starkly contrasting a past promise to eliminate it within eight years. Projections indicate the debt will continue its rapid ascent, with net interest payments alone set to exceed $1 trillion in fiscal year 2026. While some economists distinguish between gross and public debt, the overall trajectory of increasing liabilities is viewed with significant concern, especially given an aging population and the increasing cost of servicing this debt.
John Q. Hosedrinker