Hold on to your wallets! 💸 The United States just hit a jaw-dropping milestone as its national debt soared past $35 trillion for the very first time this Monday.
According to fresh data from the U.S. Treasury Department, the gross national debt now stands at an eye-watering $35,001,278,179,208.67. Yup, that's a lot of zeros! 😱
What's even wilder is that this massive leap comes only months after the debt skyrocketed over $34 trillion in early January 2024. Remember when it was 'just' $33 trillion back in September 2023? Yeah, those were the days!
Maya MacGuineas, the president of the nonpartisan Committee for a Responsible Federal Budget, sounded the alarm, saying, 'We are going to have to get serious about the debt, and soon. Election years cannot be an exception for trying to prevent completely foreseeable dangers – and the debt is one of the major dangers we are facing.'
With numbers this big, it's easy to feel a little overwhelmed. But understanding the national debt is crucial, especially for our generation that's inheriting these economic challenges. 🤔 So, what's next for the U.S. economy? Only time will tell, but one thing's for sure—we'll be keeping a close eye on it! 👀
Reference(s):
cgtn.com
