The worst part: That headline figure of $37 trillion doesn’t even tell the full story. There’s also the national deficit to consider. The deficit represents how much more the country is spending than what it’s bringing in — and for 2025, the government is forecasting a deficit of $1.97 trillion.Stimulus checks, COVID-19 relief measures, and expanded unemployment benefits added trillions worth of debt onto the books. Unfortunately, that spike in spending coincided with the Federal Reserve’s cycle of rate inc ...