Main cause of the national debt is an aging population.
We collected $4.9 trillion in revenue (i.e. taxes) but spent $6.8 trillion in 2024. The deficit of nearly $2 trillion is adding to the national debt
60% of of that expenditure went to Medicare, Medicaid and Social Security. The bulk of our wealth went to the old and the sick.
Interest payments alone on the $38.5 trillion debt pile are about $1 trillion a year, exceeding the U.S. military budget.
We are 1,000% going to go bankrupt as a country, and fail as a country if we don't deal with the old and the sick.
60% of of that expenditure went to Medicare, Medicaid and Social Security. The bulk of our wealth went to the old and the sick.
Interest payments alone on the $38.5 trillion debt pile are about $1 trillion a year, exceeding the U.S. military budget.
We are 1,000% going to go bankrupt as a country, and fail as a country if we don't deal with the old and the sick.
