The U.S. national debt isn’t just growing; it’s sprinting. By the end of 2024, it hit an astounding $34.4 trillion. Here’s where it gets interesting: nearly 79% of this mountain of debt is borrowed from domestic and foreign investors, while the rest is the government owes itself. And with the debt-to-GDP ratio creeping toward 100%, we’re nearing a record not seen since World War II—except this time, there’s no victory parade in sight. Foreign countries like Japan and China hold a substantial amount of Uncle Sam’s IOUs. By 2035, projections say the debt-to-GDP ratio could hit 118.5%, and here’s the kicker: interest payments alone might outpace defense spending. The question isn’t just how much the U.S. owes—it’s how long this borrowing binge can keep going before the bill comes due. Buckle up, the financial rollercoaster is just getting started.
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