U.S. national debt is climbing by nearly $6 billion every day

The ￰0￱ Joint Economic Committee data shows that the national debt is close to $38 trillion and increasing at a rate of roughly $6 billion ￰1￱ total national debt now stands at about $37.8 ￰2￱ spending measures, such as the One Big Beautiful Bill Act, have expanded the projected deficits by $4.1 trillion for the next ￰3￱ bill aimed at saving up to $1.6 trillion but increased the borrowing rate, which added to the debt ￰4￱ debt grows by $69,890 per second The ￰5￱ of Economic Analysis revealed that the American government borrows roughly $1 trillion every five ￰6￱ current total debt has also exceeded the size of the entire country’s ￰7￱ debt-to-GDP ratio stands at 119.4%, placing the ￰8￱ the world’s most indebted developed countries and above the 2008 financial crisis ￰9￱ Bureau projects the total amount will surpass $52 trillion by 2035 if the trend patterns ￰10￱ to the One Big Beautiful Bill Act, the debt just officially passed the $37 trillion ￰11￱ — Thomas Massie (@RepThomasMassie) August 13, 2025 The ￰12￱ debt is approximately $37.8 trillion currently, with a growth rate of $69,890 per second, which is nearly $4.2 million every ￰13￱ the current trend holds, the debt will surpass the $38 trillion mark in a few ￰14￱ rise in interest rate expenditures to $879.9 billion in 2024 is one reason amplifying the cost of servicing the ￰15￱ 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 ￰16￱ costs account for 13% of all federal spending, making them the third-largest budget item after Social Security and health ￰17￱ 2017 and 2021, annual interest payments averaged $332 billion, but that figure has more than doubled in just three ￰18￱ Congressional Budget Office projects that interest expenses could reach an average of $1.4 trillion annually over the next decade if current trends persist.

Moody’s downgraded the ￰19￱ rating to AA1 from AAA in May, citing the inability to address large and growing ￰20￱ and Standard & Poor’s had already downgraded their ratings in 2023 and 2011, ￰21￱ rating downgrades have placed the United States below its former AAA peers, such as Germany, Denmark, and Australia, and ranked it among countries such as France and New Zealand, which are facing similar ￰22￱ Research reveals private investors hold about two-thirds of the ￰23￱ Research Centre analysis revealed that private investors hold the largest share of the national debt, with approximately $24.4 trillion, about two-thirds of the total ￰24￱ remaining share is distributed across the federal trust funds, retirement programs, and the Federal ￰25￱ collectively hold approximately $11.9 ￰26￱ debt holders, including Japan, the U.

K., and China, have nearly $8.5 ￰27￱ holds the largest share at $1.1 trillion, followed by the ￰28￱ $809 billion and China at $756 billion. “As Ernest Hemingway wrote in The Sun Also Rises, ‘How did you go bankrupt? Two ways. Gradually, then suddenly.’ Congress must act now, demand fiscal responsibility from your leaders before the gradual slide becomes a sudden collapse.” Keith Self , Congressman for Texas’s 3rd Congressional District The Trump administration began initiatives such as the Department of Government Efficiency, which Elon Musk initially ￰29￱ focused on minimizing government wasteful spending, effectively reducing close to $200 ￰30￱ a premium crypto trading community free for 30 days - normally $100/mo.