The US National Debt Is Surging - but Where Exactly Is That Money Going?

The U.S. national debt is over $35 trillion, which translates to approximately $106,000 per person. This massive amount is primarily driven by structural issues.

In August 2024, the federal government faced a budget deficit of $380 billion, a stark decline from a $89 billion surplus in August 2023.

Interest on the national debt is rapidly becoming one of the fastest-growing components of federal spending, raising concerns about long-term fiscal stability.

In August, the federal outlays reached $687 billion, with key departments contributing notable expenses, highlighting where taxpayer dollars are being allocated.

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