US Debt is $30 Trillion Dollars, Rising, On Track to Ruin the Lives of the Next Generation of Americans
The US National Debt is currently over $30 trillion dollars. That is the number 30, followed by 12 zeroes. Since the turn of the century, the national debt has exploded upwards of 600% — starting with “just” $5 trillion in debt during the year 2000, before rising every year through the end of 2021. In the last five years alone, the debt has risen by more than 50%, with initial 2017 debt levels at around $20 trillion dollars, before surpassing the 30 trillion mark less than 2,000 days later.
US finance history buffs will be quick to point out that the Land of the Free has regularly carried a deficit on its books since its founding, but such debts have never seen double-digit trillions before — and never has the debt been so enormous that it seems impossible to climb out of.
At its current rate — and lack of Washington addressing the climbing levels of debt, there are projections that US debt will approach $89 trillion dollars before humanity enters the ’30s — suggesting a tripling of the US debt in the next 7–8 years.
Further adding to the weight of these numbers is the sheer amount of interest that the country is paying on these obligations. After all, borrowing is not free. 2022 interest projections were previously $305…
