As of July 2024, the United States’ national debt surpassed $35 trillion, marking a dramatic increase from $17 trillion just a decade ago.

This surge, driven by both structural fiscal policies and pandemic-related expenditures, presents significant concerns for the future of the U.S. economy. Economists warn of potential long-term consequences, such as rising interest costs that could stunt economic growth and elevate inflation​.

Fred Krueger, a noted financial analyst, emphasized the severity of the situation, posting on X (formerly Twitter): “The U.S. debt was $17 trillion 10 years ago; now it is $35 trillion. Double. Graph suggests we are on a path to $100 trillion in 10 years. Houston, we have a problem.” Krueger’s stark warning reflects the growing alarm among fiscal experts​

The national debt has grown at an unprecedented rate, with an additional $11.8 trillion added since 2020. Analysts suggest that without substantial intervention, this debt could reach $100 trillion in the next decade, continuing to burden future generations.

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