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Mallick Speaks

Mallick Speaks

Munaeem Jamal. Karachi. Geopolitics, trade, and power. The contradictions nobody headlines. www.munaeem.org

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America’s $36 Trillion Problem: When Debt Outruns Growth

Why the U.S. is playing a dangerous game with global consequences

3 min readMay 23, 2025

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“Did you know the United States is now more indebted than it was after World War II?”

That’s not a tweet for shock value. It’s a warning.

According to the International Monetary Fund, America’s public debt now stands at $36 trillion — 122% of GDP, surpassing even post-war levels. The difference? Back then, the U.S. was rebuilding a world. Now, it’s just refinancing itself.

A Trillion Every Three Months

Let that figure sit with you: $1 trillion in new debt every 90 days.

Gita Gopinath, IMF’s First Deputy Managing Director, put it bluntly: “The U.S. is racking up debt faster than its economy can grow.”

Despite the flashing red lights, Donald Trump is doubling down on extending the 2017 tax cuts — and even adding more. Less tax revenue, wider deficits, more debt. What’s the plan here?

“Tax cuts don’t pay for themselves. That’s a fantasy.”

— Dr. Paul Krugman, Nobel Prize-winning economist

And yet, Congress is debating new tax legislation as if this isn’t a five-alarm fire.

Who’s Lending, and Why It Matters

Roughly 75% of U.S. debt is held domestically — by the Federal Reserve, pension funds…

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Munaeem Jamal. Karachi. Geopolitics, trade, and power. The contradictions nobody headlines. www.munaeem.org

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