U.S. National Debt Soars to Dizzying Heights, Joining Global Debt Pile-Up The United States, the world’s wealthiest nation, has seen its public debt skyrocket to a staggering $34 trillion, setting a new record even when adjusted for inflation. This alarming increase in debt levels is a trend mirrored in many major economies globally. The situation raises critical concerns about the long-term financial sustainability of key entitlement programs like Medicare and Social Security in the U.S., with debates intensifying in Washington. An impending battle over the debt ceiling is on the horizon, with the current agreement set to expire in January 2025. The U.S. debt-to-GDP ratio has climbed to a concerning 123%, according to the International Monetary Fund (IMF). « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Venezuela's Gold Reserves Plunge Over 11% Amid Economic Challenges READ MORE “A Decade of Armageddon” Susanne Trimbath, Fed & DTCC Insider Reveals All READ MORE Persistent Inflation Challenges Eurozone, Core Prices Higher Than Anticipated READ MORE De-Dollarization Accelerates as 20 Nations Sign On to Russian Financial System READ MORE What Is the Gold Spot Price and How Is It Set? READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment