US National Debt Surges Past $36 Trillion Amid Rising Spending and Fiscal Concerns

WASHINGTON D.C. – The United States national debt has escalated to over $36 trillion as of early July 2025, driven by persistent government spending increases and a revenue collection that struggles to keep pace. This growing fiscal imbalance is leading to mounting interest payments on the debt, raising concerns among financial observers about potential long-term economic consequences, including the stability of the U.S. dollar's global reserve status.

Recent data from the Congressional Budget Office (CBO) indicates a projected federal budget deficit of $1.9 trillion for fiscal year 2025, with federal debt held by the public expected to reach 100% of GDP this year and climb to 118% by 2035. This trajectory surpasses historical highs, including the post-World War II era. Fiscal expenditure, particularly mandatory spending on programs like Social Security and Medicare, continues to rise, while tax revenues, though increasing, are insufficient to cover the expanding outlays.

A notable concern highlighted by financial commentators is the escalating cost of servicing this debt. Interest payments on the national debt are projected to become one of the largest federal expenses, potentially exceeding spending on both national defense and Medicare in the coming years. This increasing burden diverts funds that could otherwise be invested in critical domestic programs or infrastructure.

The persistent rise in debt and the perceived fiscal challenges have led to discussions about the U.S. dollar's role as the world's primary reserve currency. As noted by financial institutions and economic analysts, there has been a gradual diversification of global foreign exchange reserves away from the U.S. dollar towards other currencies and assets. Factors contributing to this shift include geopolitical tensions and the increased use of financial sanctions, which some view as the "weaponization of the dollar."

Commentators like RYAN SΞAN ADAMS have voiced strong opinions on social media regarding these trends. In a recent tweet, Adams stated, "The U.S. is choosing to increase government spend while decreasing tax revenue. More debt - higher interest payments. Unless something drastic changes, we won't grow our way out of this problem." He further warned of potential "money printing" as a means to manage the debt, which he described as "a tax on holders of dollars and U.S. bonds," leading to "the erosion of the U.S. treasuries as the world reserve asset and the flight to alternatives." Adams suggested that assets such as "Gold, bitcoin, eth, commodities, and some capital assets" could serve as alternatives, concluding with a stark warning: "God help anyone who holds wealth in bonds."

While the U.S. dollar remains dominant in global trade and finance, central banks are increasingly diversifying their holdings, including a notable uptick in gold reserves. The long-term implications of these fiscal and monetary trends for the U.S. economy and its global financial standing remain a subject of ongoing debate and close observation.