Surging national debt can cripple economy

In 2023, I wrote, “The current national debt is a whopping $32 trillion ... the debt continues to grow regardless of which political party is in power.”

Guess what, gross national debt is now $38 trillion and is growing faster than ever after two decades of continued borrowing.

Our debt exceeds current gross domestic product (GDP) by over $7 trillion. GDP is the value of all the goods and services produced annually in the U.S. At this pace we will be adding another trillion dollars every five months.