US Debt Hits $37 Trillion—Years Sooner Than Expected

WooGlobe

The U.S. national debt has just crossed $37 trillion — and it happened years earlier than expected. In this video, we break down how America reached this historic milestone, what’s fueling the surge, and why experts are sounding the alarm. From pandemic-era borrowing to new spending laws under Trump, the debt is growing faster than ever — adding $1 trillion every 5 months. Learn how this affects your mortgage, inflation, and the future of the U.S. economy. WooGlobe Ref : WGA776910 For licensing and to use this video, please email licensing@wooglobe.com

Transcript

00:00America just hit a staggering milestone, $37 trillion in debt, years ahead of schedule.

00:06In 2020, experts predicted we wouldn't see this number until after 2030.

00:11But record pandemic spending and new tax and spending laws pushed us there in 2025.

00:16And the pace? It's jaw-dropping.

00:19We hit $34 trillion in January, $35 trillion in July, and $36 trillion in November.

00:26That means we're adding a trillion dollars every five months.

00:30A big driver? A new Trump-era tax cut and spending law set to add $4.1 trillion more over the next decade.

00:38Experts say it's fueling a vicious cycle. More borrowing means higher interest rates.

00:43That means higher mortgage payments, price your car loans, and rising costs for everything.

00:48Even with tariffs bringing in a record $21 billion in July.

00:52The deficit is still growing, up 20% from last year.

00:56And rising interest payments on the debt are making it worse.

00:58China still owns about $770 billion of our debt.

01:03That's just 2% of the total, but it's still a major global leverage point.

01:08As the debt surges, one thing's clear.

01:10This is no longer tomorrow's problem.

01:12It's today's crisis.

01:13It's today's crisis.

01:14It's today's crisis.

01:15It's today's crisis.

01:16It's today's crisis.

01:17It's today's crisis.

01:18It's today's crisis.

01:19It's today's crisis.

01:20It's today's crisis.

01:21It's today's crisis.

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