Source: Libertarian Institute
by Joseph Solis-Mullen
“As of April 2025, the U.S. national debt stands at a staggering $36.2 trillion. The Congressional Budget Office (CBO) projects that net interest payments on this debt alone will reach $952 billion in fiscal year 2025 — nearly a trillion dollars just to service past borrowing. Over the next decade, the debt is expected to rise by approximately $2 trillion per year, bringing the total to over $56 trillion by 2034. And still, there is no serious movement among America’s political class to stop the hemorrhaging. It is long past time to confront a fundamental truth: the United States must default on its national debt.” (06/12/25)