America's $38 Trillion Debt Crisis — It's Spiraling Out of Control

The US government has surpassed $38 trillion in debt, adding $1 trillion in just two and a half months. For fiscal year 2025, the deficit was $1.78 trillion, a slight improvement from the previous year's $1.83 trillion. Government spending consistently exceeds revenue, necessitating borrowing to cover the difference. Tax revenue for 2025 was $5.23 trillion, with personal income taxes making up half of this amount. Spending reached $7 trillion, with significant portions allocated to social security benefits, healthcare, and a staggering $970 billion for interest payments on the national debt, exceeding military spending. Attempting to cut the deficit by reducing Social Security, Medicare, or Medicaid benefits is politically unfeasible due to the large number of recipients and the significant financial impact. Similarly, halting interest payments would lead to default and a catastrophic crash of the US dollar. The Federal Reserve's efforts to lower interest rates to ease the debt burden could lead to inflation. Ultimately, both major political parties contribute to overspending, making the national debt an unstoppable trend.

2. Description

US debt hits $38T as spending outpaces revenue. Can cuts balance the budget or will inflation prevail?

3. Title

US Debt Crisis: Trillions Spent, Budget Unbalanced

4. Keywords

US debt, government spending, deficit, fiscal year 2025, tax revenue, interest payments, Social Security, Medicare, Medicaid, Federal Reserve, inflation, national debt

5. Short Keypoints

• The US government's debt has exceeded $38 trillion.
• Fiscal year 2025 saw a deficit of $1.78 trillion, with government spending at $7 trillion against $5.23 trillion in tax revenue.
• Interest payments on the national debt amounted to $970 billion in fiscal year 2025, surpassing military spending.
• Cuts to major programs like Social Security and Medicare are politically impractical to balance the budget.
• Both major political parties are seen as contributing to the ongoing increase in national debt.