America's $35 Trillion Debt: A Ticking Time Bomb for Future Generations The U.S. national debt has reached a staggering $35 trillion in 2024, increasing by $1 trillion since January alone. This milestone pushes the debt-to-GDP ratio to 98%, with projections suggesting it could exceed 140% by 2032 under current policies. The rapid accumulation of debt, which has grown by $11.8 trillion since 2020, raises concerns about fiscal sustainability. Despite the alarming figures, neither major political party has shown significant initiative to address the issue, highlighting a lack of political will to tackle the growing debt problem. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts What Is Gold Liquidity and Why Is It Important? READ MORE Economic Recession and Yen Depreciation Push Japan Behind Germany READ MORE Mixed Economic Signals Challenge Fed's Next Move in the Inflation Battle READ MORE "I Believe There's Another Banking Crisis, Probably Before the Election" Mike Maloney READ MORE Fed's Favored Inflation Measure May Show Softer Rise Than CPI Suggests READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment