每分钟还200万美元利息，“美债炸弹”膨胀

Core Insights - The total U.S. national debt has surpassed $38 trillion, marking a new record high, with a rapid increase from $36 trillion in November 2024 to $37 trillion in August 2025, and then to $38 trillion just two months later [1][2] Group 1: Historical Context of Debt Increase - The expansion of U.S. debt is historically linked to continuous tax cuts since the 1980s, starting with the Reagan administration's Economic Recovery Tax Act, which significantly reduced tax rates and led to substantial budget deficits [2] - Subsequent administrations, including those of Bush and Trump, implemented further tax cuts that collectively reduced government revenue by approximately $10 trillion, contributing significantly to the rising national debt [2] Group 2: Interest Burden - The interest payments on the national debt are projected to reach $1.4 trillion by 2025, accounting for 26.5% of federal revenue, which translates to over $1 billion in interest payments each month [4][6] - The increasing interest costs are consuming a significant portion of federal spending, with mandatory expenditures like Social Security, Medicare, and interest payments now comprising 73% of total federal spending [4][6] Group 3: Political and Economic Implications - The U.S. government is facing a precarious situation where it struggles to manage its debt while engaging in political maneuvers that may exacerbate the debt crisis, such as imposing tariffs and undermining the independence of the Federal Reserve [7][9] - The potential for a government default poses significant risks not only to the U.S. economy but also to global financial markets, highlighting the urgent need for responsible fiscal management [6][9]