没能让中国妥协，36万亿美债填不上，特朗普决定“弄死”大债主

Core Points - The U.S. federal debt is projected to reach $37.4 trillion by September 2025, with over $30 trillion held by the public and more than $7 trillion in intra-governmental debt [1] - Interest payments have become a significant burden, accounting for nearly 17% of total expenditures, with $921 billion allocated for interest payments in 2024 [3][5] - The fiscal deficit is rapidly increasing, with the debt expected to surpass $36 trillion shortly after reaching $33 trillion by the end of 2024, as tax revenues fail to keep pace with spending [3][5] Group 1 - The Trump administration's tax cuts intended to stimulate the economy have instead exacerbated the fiscal deficit, adding $22 trillion to the debt over ten years [3][5] - Efforts to cut unnecessary spending through an efficiency committee have been largely ineffective, with military and social welfare expenditures remaining intact due to strong lobbying [5][9] - The debt-to-GDP ratio has surged from 94% to 117%, squeezing private investment and slowing economic growth by 0.5 percentage points [5][7] Group 2 - The U.S. economy is experiencing a slowdown, with many businesses relocating overseas due to rising debt pressures, and consumer spending is also declining [10] - The trade war initiated by the Trump administration, including tariffs on Chinese imports, has not yielded the desired results, leading to increased inventory for U.S. exporters [12][14] - The fiscal crisis reflects a dual failure in U.S. debt management and strategic policy, with military and welfare spending remaining uncut while tax cuts worsen the debt situation [14]