Lena Petrova: America’s $38 Trillion Debt Crisis, How Long Before it Breaks the Economy?

That’s $38 trillion, and it’s the unprecedented new milestone the United States national debt has just surpassed for the first time in history. To put that into perspective, it equates to roughly $111,000 owed per American citizen. This isn’t just another headline number coming out of Washington. This rapid increase – a staggering $1 trillion in just 82 days – isn’t a temporary blip. It’s a flashing red light signaling a deeply rooted, structural, and long-term fiscal problem that demands our collective attention. The national debt is the total amount of money the federal government owes to its creditors, both domestic and foreign….