The Global Public Debt Problem

TL;DR

The U.S. government has only had a budget surplus four times in the last 50 years.
In fiscal year 2025, the U.S. government spent over $7 trillion and collected $5.234 trillion, resulting in a deficit of nearly $1.8 trillion.
Deficits are projected to increase to $1.9 trillion in the current fiscal year and $3.1 trillion in 2036.
The government borrows money by selling U.S. Treasury securities to cover budget shortfalls.
The U.S. national debt is currently around $39 trillion.
Many developed countries, including the U.K., France, Japan, and Brazil, are facing similar issues with rising government debt and interest payments.
Increased government debt is linked to slower economic growth and persistent inflation, according to an IMF report.

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