US Debt Surpasses $38T: Analyst Claims America Is ‘Going Broke’

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Ah, the sweet sound of a new milestone: the U.S. national debt has just breezed past $38 trillion, like an eager tourist with a credit card that knows no limit. And, of course, Washington is busy squabbling like children over toys, while the debt grows faster than the number of TikTok trends. The debt crept up from $37 to $38 trillion in a mere few months. Bravo, America! 🎉

The ‘Exciting’ Journey of the U.S. Debt: A Rollercoaster Ride to $38 Trillion!

The Facts:

The U.S. national debt has broken yet another record, surpassing $38 trillion. Apparently, the country just can’t get enough of this high-stakes game of economic Jenga. According to the U.S. Debt Clock (which tracks the country’s financial disaster in real-time), the national debt is already higher than $38 trillion by a cool $24 billion. Yikes. 😬

In case you’re wondering about the fun details: debt per citizen has hit over $110K, while the debt-to-GDP ratio has touched a worrying 120.63%. But don’t worry, it’s only a matter of time before it doubles-right? 🙃

This lovely rise happened in less than three months after the debt hit the $37 trillion mark, causing alarm bells to ring louder than a toddler on a sugar rush. Some people are starting to question how sustainable this “spending spree” really is. Not everyone is convinced that it will lead to a fairy-tale ending. 👀

Senator Rand Paul noted on social media that, despite this alarming spike, Congress is “no closer to balancing the budget.” Both political parties are too busy trying to toss more billions into the ever-expanding fire of government expenditure.

Senator Rick Scott also weighed in and stated that this situation is “unsustainable” and a “direct threat to the American Dream.” But, hey, who needs dreams when you’ve got this much debt to play with? 😅

Why It’s Relevant:

Well, if the debt spiral keeps going, things could get… interesting. If history is any guide, the consequences could include either a long and painful economic slow burn or a dramatic, “lights out” debt crisis where creditors finally wake up and say, “We’re out!”

In March, the House Budget Committee warned that if this train isn’t stopped, we’re looking at “either slow and painful economic demise through sustained stagnation or a swift and catastrophic sovereign debt crisis.” So, basically, either we suffer slowly or we go down in a fiery blaze of glory. 🔥

Financial advisors are already suggesting that investors consider spreading their money around a little more wisely. David Kelly, chief global strategist at JPMorgan’s Asset Management, warned that “many investors should likely consider diversifying their portfolios by adding alternative assets and international stocks.” So, in other words, hop off the sinking ship and find a lifeboat. 🚢💸

“The risk that we move from going broke slowly to going broke quickly adds an important reason to make this move today,” he concluded. Oh, how comforting. 😒

Looking Forward:

The Committee for a Responsible Federal Budget (CRFB) estimated the debt will soar to over $53 trillion by 2035. Yeah, that’s the kind of math you don’t want to do before bed. They’re calling on lawmakers to actually do something-anything-to stop the madness. But honestly, who has the time for that? 🤷‍♂️

Still, some pessimistic voices, like that of investor Ray Dalio, have already declared it “likely too late” to fix this issue. But why let a little thing like the truth get in the way of good old American optimism, right? 🤨

FAQ 🧭

  • What recent milestone has the U.S. national debt reached?
    Well, the national debt has just gone over the $38 trillion mark. Because why settle for a few billion when you can aim for a trillion? 😆

  • What are the current statistics related to the U.S. debt?
    Debt per citizen is now over $110,000, and the debt-to-GDP ratio is 120.63%. This just sounds like someone who didn’t know when to stop at the buffet. 😜

  • What warnings have U.S. lawmakers expressed regarding the national debt?
    Senators Rand Paul and Rick Scott are waving their red flags, saying the whole thing is “unsustainable” and a threat to the American Dream. But, hey, who needs dreams when you’ve got the best debt party ever? 🕺

  • What potential implications does this debt crisis have for investors?
    Financial advisors suggest that investors should consider diversifying, because staying in the sinking debt boat isn’t exactly a winning strategy. 🚣‍♂️

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2025-10-24 12:15