UNSUSTAINABLE: In Past Three Weeks, Democrat Regime Skyrocketed U.S. Debt by $473 billion, Reaching New Record $35.8 TRILLION

In just three weeks, total U.S. debt skyrocketed by $473 billion, reaching a record $35.8 trillion

The U.S. is heading for bankruptcy after the country’s debt jumped $204 billion in one day.

The Biden-Harris regime is recklessly pumping unsustainable debt into the economy in order to create a false sense of prosperity….while plunging the country deeper into unrecoverable debt.

…. while saddling future generations with a crippling burden. In just three weeks, total U.S. debt skyrocketed by $473 billion, reaching a record $35.8 trillion—equivalent to $1,450 per American added in mere weeks. Each citizen now bears $103,700 in national debt. Meanwhile, interest payments surpassed $1 trillion in 2024, costing every American $3,360 in interest alone. This fiscal irresponsibility is an unsustainable gimmick to hide the true state of the economy.

The U.S. National Debt has increased by $473 BILLION over the last three weeks.

It now stands at $35.8 TRILLION.

That’s $103,700 of debt for every American.

This is unsustainable.

America is in the fast lane to bankruptcy. pic.twitter.com/VrEDutmVin

— America (@america) October 22, 2024

ELECTION INTERFERENCE: The Biden-Harris regime is recklessly pumping debt into the economy, hoping to create an illusion of prosperity while saddling future generations with a crippling burden. In just three weeks, total U.S. debt skyrocketed by $473 billion, reaching a record… pic.twitter.com/gtWatarYyF

— @amuse (@amuse) October 21, 2024

US national debt hits a new record: $35 trillion

The US national debt passing $35 trillion comes months after the $34 trillion mark was reached in January 2024

By Eric Revell FOXBusiness

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The debt we have is unsustainable: Kevin Brady

The U.S. national debt surpassed $35 trillion for the first time in the nation’s history on Monday as the federal government continues to accumulate debt at a record-setting pace.

New data from the Treasury Department released Monday afternoon showed that the gross national debt hit $35,001,278,179,208.67.

The milestone comes just months after the U.S. eclipsed the $34 trillion threshold in early January 2024, while the $33 trillion mark was reached in September 2023. By comparison, the national debt hovered around $907 billion just four decades ago.

“This news is incredibly sobering – and incredibly unsurprising for anyone who has been following our fiscal trajectory,” Maya MacGuineas, president of the nonpartisan Committee for a Responsible Federal Budget, said in a statement. “Just last month the Congressional Budget Office warned Americans that debt held by the public is on its way to a new record share of the economy in three years. The deficit will be nearly $2 trillion this year and nearly $3 trillion in ten years.”

“Yet despite all the risks and warning signs, these alarm bells seem to be falling on deaf ears. The bipartisan, deficit-reducing Fiscal Responsibility Act of last year was an excellent start to reducing our deficit; what we need is serious talk about how to build on that first step. Instead we are hearing an awful lot about spending and tax cuts that would make the situation worse, not better,” MacGuineas added. “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.”

“Enough with the charade of fiscal platitudes followed by deficit-busting records. True fiscal responsibility cannot exist in a vacuum – if we want any hope of putting America back on course toward a sustainable and prosperous future, our leaders need to bridge rhetoric with action,” she said. “Pay for your new spending; pay for your new or extended tax cuts; make deals, shake hands, pass budgets. In a word: govern.”

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