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Is America Going to Fail? How Government Debt Could Bankrupt the US
In 2008, the US public debt was around $10 trillion.
Today, it is $36.22 trillion. More than three times that amount.
But is this really a problem?
Is there a real risk that America could go bankrupt?
It is not so simple that the US will go bankrupt, but it is not so impossible either.
So let's clarify by analyzing some data.
In recent years, the interest that the US government pays on debt has literally exploded.
In 2020, the US paid about 523 billion dollars in interest while today (May 2025), we are already at 570 billion.
If it continues like this, we will reach over 1.1 trillion just for interest in 2025, that is, more than double compared to 4 years ago.
It was chosen to analyze starting from 2020 because it is precisely in this year that something has changed in the monetary system, something has broken.
This date not by chance also coincides with the boom in gold purchases by central banks.
And in fact, tightening the graph of interest on US debt a little, we notice something incredible and at the same time frightening.
While before 2020 the interests on the debt grew linearly, since 2020 they have started a worrying parabolic phase that must be taken into consideration.
How Does the Debt of a State Work?
Before continuing, however, let's clarify how the debt of a State works.
The government, just like a company, has a balance sheet composed of "income" and "expenditure".
So it collects
(taxes) and spends (defense, healthcare, infrastructure).
The current problem of the United States (but also of many other States) is that they spend more than they collect.
In fact, in the first months of 2025 alone, against $3.11 trillion in revenue, we have about $4.16 trillion in expenses.
[ IMO ] I'm sorry to hear this.. getting into debt up to your neck is not a good thing, just because you want everything and you don't want to give up anything, I can understand it if you have to get treatment or have an operation, the doctor for the family, but not having three or four credit cards per family just to indulge in all the whims, including food shopping, don't think about it for a second "and if I can't pay off the debts, what will I do?" Your son or daughter doesn't necessarily have to go to the best college in the world or the top of the range, another reason for getting into debt, there are also other less prestigious colleges but that will still make you get a degree in something, then it's up to you to put in the effort and find a job.
In 2008, the US public debt was around $10 trillion.
Today, it is $36.22 trillion. More than three times that amount.
But is this really a problem?
Is there a real risk that America could go bankrupt?
It is not so simple that the US will go bankrupt, but it is not so impossible either.
So let's clarify by analyzing some data.
In recent years, the interest that the US government pays on debt has literally exploded.
In 2020, the US paid about 523 billion dollars in interest while today (May 2025), we are already at 570 billion.
If it continues like this, we will reach over 1.1 trillion just for interest in 2025, that is, more than double compared to 4 years ago.
It was chosen to analyze starting from 2020 because it is precisely in this year that something has changed in the monetary system, something has broken.
This date not by chance also coincides with the boom in gold purchases by central banks.
And in fact, tightening the graph of interest on US debt a little, we notice something incredible and at the same time frightening.
While before 2020 the interests on the debt grew linearly, since 2020 they have started a worrying parabolic phase that must be taken into consideration.
How Does the Debt of a State Work?
Before continuing, however, let's clarify how the debt of a State works.
The government, just like a company, has a balance sheet composed of "income" and "expenditure".
So it collects
(taxes) and spends (defense, healthcare, infrastructure).
The current problem of the United States (but also of many other States) is that they spend more than they collect.
In fact, in the first months of 2025 alone, against $3.11 trillion in revenue, we have about $4.16 trillion in expenses.
[ IMO ] I'm sorry to hear this.. getting into debt up to your neck is not a good thing, just because you want everything and you don't want to give up anything, I can understand it if you have to get treatment or have an operation, the doctor for the family, but not having three or four credit cards per family just to indulge in all the whims, including food shopping, don't think about it for a second "and if I can't pay off the debts, what will I do?" Your son or daughter doesn't necessarily have to go to the best college in the world or the top of the range, another reason for getting into debt, there are also other less prestigious colleges but that will still make you get a degree in something, then it's up to you to put in the effort and find a job.
