America Just Hit $38 Trillion Debt and Moody's Just Downgraded Us

Описание: The United States just smashed through a terrifying thirty-eight trillion dollar debt ceiling. We added a full trillion dollars in just over two months which is the fastest growth rate outside of the pandemic. Moody's officially downgraded the US credit rating because the fiscal situation is spiraling out of control. Congress passed the massive One Big Beautiful Bill Act and it immediately added trillions to the tab. Interest costs have exploded and now cost more than our entire national defense budget. We are spending nearly three billion dollars every single day just to pay our lenders. People are joking about gold-plated ballrooms while the treasury burns through cash we do not have. Social Security and Medicare are set to go insolvent in just seven years. That means a mandatory twenty-four percent cut to benefits is coming for every retiree. Your personal share of the interest bill is growing faster than your paycheck. Foreign investors hold trillions of our debt and could sell it off at any moment. If demand for Treasuries crashes then interest rates will spike and crush the economy. We are borrowing from our great-grandchildren just to keep the lights on today. This is not just a boring chart on a government website anymore. It is a full-blown fiscal crisis that threatens the entire global financial system. The clock is ticking toward a default scenario that would change your life overnight. But there is one catastrophic outcome that economists fear most of all. You need to know exactly what happens to your savings when the trust funds finally run dry.