The National Debt Just Topped $38.5t And It Might Just Trigger Another Depression
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The national debt just passed $38.5 trillion dollars and it’s gotten some people freaked. Look, a national debt is important to some degree, but America might just be chewing off more than it can chew (so to speak).
In the last three months of 2025, America spent $276 billion on debt interest alone. Meanwhile there’s a housing crisis, inflation is out of control and confidence in government is at an all time low.
But I really didn’t need to tell you all that.
If all of this is manageable and we can slowly ease out of it, it’s fine, but the worry is that some big crunch will occur and we might see another credit crash.
If America can’t find debtors to take on its loans or the debt becomes completely unmanageable, the government might be forced to reduce spending or pump money into the problem which might lead to hyper-inflation of the dollar.
As economist Kurt Couchman explains, in this case the “likelihood of having a recession, if not a severe recession or maybe even a depression, become possibilities.”
“The global, economic instability could translate into some real security risks and even threats to our political systems because of the kinds of politicians that people may respond to if they’re feeling especially desperate. Those are all challenges to the American dream that stem from the growing debt burden.”
Couchman then goes on to explain that beyond reduced spending there might not be a solution to the problem but he does recommend greater transparency, blah, blah, blah…
But look, threats of economic collapse are as old as economics itself.
For more click here: Trump Just Hit EU With Massive Tariffs, Are We Heading For WW3?
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