US National Debt Hits a New Record: $35 trillion
The Biden-Harris Administration and the Democrat Party are bankrupting the country with their insane spending. This tax and spend madness can’t continue. How long before our national debt crashes the U.S economy?
76% of all personal income tax last month went to servicing the $34 trillion national debt. And now that number climbs.
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 Fox News, August 2nd, 2024
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.”
Source: https://gellerreport.com/2024/08/us-national-debt-hits-a-new-record-35-trillion.html/
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