Core Points - The total U.S. federal government debt has surpassed $38 trillion for the first time as of October 21, marking the fastest accumulation of $1 trillion in debt outside of the pandemic period [1] - The U.S. national debt is growing at an alarming rate, with estimates indicating an increase of approximately $69,713.82 per second over the past year [1] - The rapid growth of U.S. debt is attributed to multiple factors, including rising mandatory spending on Social Security, Medicare, and interest on the national debt, which have significantly reduced the government's discretionary spending capacity [1][2] Summary by Category Debt Accumulation - The U.S. federal debt increased from $37 trillion to $38 trillion in just two months, which is the fastest rate of accumulation since 2000, at double the average growth rate [1] - The Peterson Foundation estimates that interest payments on the national debt will rise from $4 trillion over the past decade to $14 trillion over the next decade, limiting public and private spending in key economic sectors [2] Fiscal Pressure - The "Big and Beautiful" Act has exacerbated fiscal pressures, leading to an estimated $220 billion reduction in tax revenue for the fiscal year 2025 and a projected $4.5 trillion decrease in revenue over the next ten years [2] - The combination of rising interest rates to combat inflation and the growing debt burden is increasing interest expenditures on federal debt [2] Economic Impact - The ongoing increase in national debt may undermine investor confidence in the economy, as noted by JPMorgan's Chief Global Strategist [2] - The analysis from Ernst & Young suggests that the rising trajectory of U.S. debt could lead to sustained unemployment and income losses over time [2] - The continuous growth of the debt burden is expected to result in higher inflation, eroding the purchasing power of Americans [2] Government Shutdown - The breach of the $38 trillion debt ceiling coincides with the federal government shutdown entering its third week, which is intensifying financial market tensions [3] - The government shutdown is expected to further accelerate the expansion of U.S. debt by delaying economic activity and fiscal decisions, while also increasing costs associated with pausing and restarting federal projects [3]
见证历史!每秒涨7万美元!美债突破38万亿
Guo Ji Jin Rong Bao·2025-10-23 09:11