(AURN News) — The nation’s debt continues to climb, raising concerns about long-term economic stability and government spending.
According to USdebtclock.org, the U.S. national debt has now surpassed $39 trillion.
Broken down individually, that amounts to about $113,947 per person and $357,069 per taxpayer.
The rising debt is largely driven by federal spending outpacing revenue. The government continues to spend more than it collects in taxes, leading to ongoing borrowing.
As the total debt grows, so does the cost of servicing it. The United States pays interest on that debt each year, and those payments increase as the overall balance rises.
The growing debt load has broader implications. As more federal dollars go toward interest payments, less funding may be available for priorities such as infrastructure, education and health care.
Click play to listen to the AURN News report from Jamie Jackson:
The post America’s Debt Keeps Climbing — Here’s Why appeared first on American Urban Radio Networks.
