{"id":2395709,"date":"2025-01-27T15:33:57","date_gmt":"2025-01-27T20:33:57","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-national-debt-burden-tops-106000-per-person-washington-examiner\/"},"modified":"2025-01-27T15:35:40","modified_gmt":"2025-01-27T20:35:40","slug":"u-s-national-debt-burden-tops-106000-per-person-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-national-debt-burden-tops-106000-per-person-washington-examiner\/","title":{"rendered":"U.S. national debt burden tops $106,000 per person &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fu-s-national-debt-burden-tops-106000-per-person-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2395709&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>the article discusses the alarming\u2063 rise of the U.S. national debt, which has now surpassed $36 \u2063trillion and is projected to exceed $37 trillion by the end of \u2064the year. This\u2064 translates to a debt burden of over $106,000\u2062 per person,having increased by 6% in\u2062 just over a year. The Congressional\u200b Budget Office (CBO) warns that federal \u200cdeficits could\u2062 reach $22 trillion over the next decade unless <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/new-york-city-spending-tens-of-thousands-on-migrant-meals-that-get-trashed\/\" title=\"NYC spends thousands on wasted migrant meals\">significant budget \u200bcuts<\/a> are implemented.Furthermore, the CBO anticipates\u2063 that <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/minority-farmer-loan-forgiveness-program-to-allocate-4b-in-payments-as-part-of-american-rescue-plan\/\" title=\"Minority farmer loan forgiveness program to allocate B in payments as part of American Rescue Plan\">interest payments<\/a> on the national debt will escalate to 4.1% of GDP by 2035. The growing debt poses a critical challenge for the \u2064U.S. \u2062economy, with policymakers urged to take responsible fiscal \u200cmeasures to manage it effectively.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">U.S. <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/stephen-moore-joe-biden-is-the-king-of-debt-and-deficits\/\" title=\"Stephen Moore: Joe Biden Is the King of Debt and Deficits\">national debt burden<\/a> tops $106,000 per person<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_1955379\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>(The Center Square) &ndash; The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senator-manchin-on-bidens-massive-social-spending-bill-this-is-a-recipe-for-economic-crisis\/\" title=\"Senator Manchin On Biden\u2019s Massive Social Spending Bill: \u2018This Is A Recipe For Economic Crisis\u2019\">national debt continues<\/a> to rise at a breakneck pace, with Americans bearing a greater and <a href=\"https:\/\/amzn.to\/3YuVZYV\">greater debt burden<\/a>.<\/p>\n<div class=\"article-paywall\">\n<p>The national debt is over $36 trillion, currently on pace to surpass $37 trillion later this year.<\/p>\n<p>According to the Peterson Foundation, the debt amounts to a national debt burden of more than $106,000 per person.<\/p>\n<p>In December 2023, The Center Square reported the national debt burden had surpassed $100,000 per person. In just over one year, that debt burden has grown by 6% per person, an alarming rate for budget experts.<\/p>\n<p>The national debt is on track to hit 172% of GDP by 2054, according to the Peterson Foundation.<\/p>\n<p>At the end of the World War II borrowing spree, the national debt was 100% of GDP.<\/p>\n<p>The U.S. Congressional Budget Office released new projections earlier this month, estimating that federal deficits will hit $22 trillion over the next 10 years unless drastic cuts are made.<\/p>\n<p>CBO also projected that the cost of interest payments alone on the national debt will rise to 4.1% of GDP by 2035, well beyond the current record.<\/p>\n<p>The CBO has projected that the federal deficit will hit $2.5 trillion annually by 2035. Before the COVID-19 pandemic, deficits never topped $1 trillion. Since then, and under the Biden administration, deficits have repeatedly been over or just under $2 trillion.<\/p>\n<p>&ldquo;The United States has built a dangerous mountain of debt quite simply because our political leaders are unwilling to do the hard work of governing responsibly and acting as fiscal stewards for the country,&rdquo; Maya MacGuineas, president of the Committee for a Responsible Federal Budget, said after the CBO numbers were released.<\/p>\n<p>&ldquo;They choose to borrow at record levels rather than acknowledging that part of budgeting is having a plan to pay the bills and despite the incredible damage they continue to inflict on the country as the debt grows,&rdquo; she continued. &ldquo;As today&rsquo;s report shows: our debt is at near-record levels only seen just after WWII, we will spend more on interest than any other program other than Social Security, and Social Security will become insolvent in less than a decade.&rdquo;<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><\/a><\/strong><\/p>\n<p>The Peterson Foundation tracks the national debt and its burden on individual Americans and pointed out that the federal government spends $1.8 billion on interest every day.<\/p>\n<p>&ldquo;Similar to a home or car loan, interest payments represent the price we pay to borrow money. As we borrow more and more, federal interest costs rise and compound,&rdquo; the group reports. &ldquo;Rapidly growing interest payments are a burden that hinders our future economy.&rdquo;<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_1955379\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"1955379\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. national debt exceeds $106,000 per person (The Center Square) \u2013 The national debt is rapidly increasing, with each American&#8217;s share now over $106,000. Currently exceeding $36 trillion, it is projected to surpass $37 trillion soon<\/p>\n","protected":false},"author":1,"featured_media":2395710,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/08\/minimum-wage-and-money.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[49284,43698,49283,49052,32076],"class_list":["post-2395709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-debt-burden","tag-national-debt","tag-personal-finances","tag-u-s-economy","tag-washington-examiner"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/08\/minimum-wage-and-money.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2395709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2395709"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2395709\/revisions"}],"predecessor-version":[{"id":2395713,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2395709\/revisions\/2395713"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2395710"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2395709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2395709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2395709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}