Opinion: February 9, 2025. Will the US Debt Continue to Grow?

[marcusantoniu26]

According to the US Debt Clock, the US National debt is at 36.4 trillion US dollars and growing. The new government has started to implement measures that will reduce government spending and increase revenue, however, at this point, it is unclear as if this measures will result in a reduction of the debt in the short term.

At the current pace, the US National Debt is set to increase about 1 trillion every 3 months. Interestingly, the yearly US Federal spending is about 7 trillion dollars, out of it, 1 trillion is interest payments on debt.

This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.

Comments

[seha76]

I think policymakers may want to address issues that can increase productivity and economic growth so that growth does not lag behind debt accumulation. (my opinion)

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