Core Insights - The total U.S. federal debt surpassed $37 trillion on August 11, 2023, marking a significant milestone in the country's fiscal situation [1][3] - The increase in debt has been rapid, with a rise of $1.87 trillion over the past year and a doubling of debt compared to ten years ago [3][4] - The debt-to-GDP ratio is alarming, currently at 123% for the fiscal year 2024, exceeding the IMF's recommended threshold for developed economies [5][6] Debt Growth and Fiscal Imbalance - The U.S. federal debt has increased from $4 trillion to $37 trillion over 32 years, averaging over $1 trillion in annual growth [3][4] - The government borrowed $1.9 trillion in the past year, representing approximately 6.5% of the U.S. GDP, driven by a rolling deficit of nearly $2 trillion annually [6][7] - The deficit for July 2025 was $289 billion, an increase of $45 billion from the previous year, with total revenues rising to $3.39 trillion [6][7] Economic Implications - Interest costs on the debt are projected to reach $1 trillion this year, making it the second-largest item in the federal budget, surpassing defense and Medicare expenditures [5][6] - The rapid increase in debt has occurred at an unprecedented pace, with the last $1 trillion added in just 263 days, highlighting a concerning trend in fiscal management [7] - Each American now bears over $100,000 in federal debt, emphasizing the burden of national debt on individuals [7]
开源难节流更难 美国联邦债务突破37万亿美元
Xin Hua Cai Jing·2025-08-13 14:02