How did the largest economy become so indebted? The story of increasing debt on US

It is a simple thing, if you earn less and spend more then the debt will definitely increase. worldwide There is hardly any country in India which does not have any debt. But it is surprising when even the world’s largest economy is drowning in debt. Here we are talking about America, whose debt has increased to 37%. trillion It has become more than a dollar. Indian currency This amount is more than Rs 3,235 lakh crore.

 

America on 37 trillion The information about dollar loan has come in the new report of the Treasury Department. covid 27 on the US government for 2019, before the pandemic began trillion Had a dollar loan. it means covid 10 on America since then trillion Dollar debt has increased.

 

Now how is this debt increasing? Let’s understand this first. Suppose in 2024 the government’s income is Rs 400 and expenditure is Rs 500, then it means that it has to borrow Rs 100 to meet the expenditure. Now in 2025, the income increased to Rs 600 but the expenses also increased to Rs 800, so again Rs 200 had to be borrowed for this. In this way the total loan became Rs 300.

 

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America’s debt is increasing like this

The debt on the US government is continuously increasing. In the last few years it has increased even more rapidly. If we look at the figures, the debt of the American government has increased 94 times in 100 years.

 

of the treasury department data According to , by 1924 the US government had a debt of $395 billion. By August 2025 this debt will increase to 37% trillion Dollar debt was incurred. peter Yes. peterson The Foundation says that at present every American has a debt of $ 1.08 lakh.

 

How fast is America’s debt increasing?? understand it this way IBefore our arrival in January 2020 Congressional Budget The office had estimated that by 2030 the US government would have 37 trillion Dollar debt may increase. However, later covid The pandemic came and increased the debt further. America’s debt will increase to 34% by January 2024 trillion It was a dollar. It will increase to 35 by July 2025 trillion dollar and increase to 36 by November 2024 trillion It was a dollar. peterson says that now on average one every 5 months trillion Dollar debt is increasing.

 

 

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Why is America’s debt increasing??

The debt owed by the US government is equal to that of India.GDP 9 times more than. Not only this, the US government is paying $2.6 billion interest on the loan every day.

 

Actually, there are many reasons for increasing debt.? But peterson The report shows that the population of elderly people is increasing in America. It is estimated that by 2030, every day 10 thousand people will cross the age of 65 years. Along with this, the age of people is also increasing. This is a good thing but it does not harm the government Budget is increasing because its social security And Medicare But expenses are increasing. treasury deportment Of data states that the US government every year 36% Budget social security And Medicare Is spending on.

 

peterson The report shows that healthcare It is the biggest priority of any government. in the world healthcare But the maximum expenditure occurs in America. In America, an average person spends $12,742 annually on health. At the same time, the global average is $6,850.

 

Not only this, America’s tax system is also not necessary to meet the expenses revenue born Do. Due to this, there is an imbalance between income and expenditure, due to which debt increases. of the treasury department data States that the US government spends every year on its earnings 1 to 2 trillion Spends up to a dollar more. In 2024 itself, the government will get 4.92 trillion Dollar was earned while expenditure was 6.75 trillion It was a dollar.

 

 

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The debt will increase further!

America on 37trillion There is already dollar debt and this debt will increase further. a few months ago Trump the government has big and Beautiful Bill Have passed. There is a provision for many tax cuts in this. American President regarding this bill donald Trump And billionaire allen Musk among bitterness Had increased. Musk Claims that this law will only increase debt.

 

Actually, in this law date sealing That means the limit for taking loan has also been increased to 36. trillion increased from dollar to 40 trillion Dollar has been done. Congressional Budget The office believes that this will cost the US government 4.1% in the next 10 years. trillion Dollar debt will increase further.

 

brookings Institution In economic studies of Senior fellow wendy adelberg saidRepublicans tax of Law The result is that we will borrow a lot more in 2026, we will borrow a lot more in 2027 and so on. will remain

 

Federal Budget Committee chairperson Maya McGuinness said, Hopefully these figures have brought us face to face with reality and now we need to do something soon.

joint economic The committee believes that at the rate at which debt is increasing every day, approximately one in 173 trillion The dollar will rise further. That is, within the next 6 months the debt on the US government will increase by 38%. trillion Can reach up to $.

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