A Ticking Time Bomb – National Debt Growing by $1 Trillion Every 100 Days

The current management of the U.S. national debt showcases a concerning lack of fiscal responsibility by the government, creating increased fear among U.S. citizens about rising prices and possible national bankruptcy. The most pressing problem, though, isn’t the distress it causes among the American people; the implications extend far beyond the surface because a ballooning national debt presents severe economic and financial threats.

The situation is dire, with a staggering $1 trillion accruing to the national debt every 100 days. This fast-paced growth has transformed the country’s debt into a ticking time bomb when it soared to a record-breaking $34 trillion in January of this year.

It all reflects an irresponsible government borrowing spree with potentially grave consequences, including higher taxes, reduced public services, a burdened future generation, and the downfall of the U.S. dollar and our country in general.

U.S. National Debt Spiraling Out of Control

Previously, the rise in the U.S. national debt followed a somewhat slower path. For instance, the leap from $31 to $32 trillion took around eight months. In contrast, the speed at which the national debt is currently growing – an additional $1 trillion every 100 days, is a red flag indicating a serious flaw in the current economic strategy that prioritizes borrowing over fiscal health.

Bank of America’s investment strategist, Michael Hartnett, emphasizes that this 100-day pattern in debt increase is likely to continue, projecting a move from $34 to $35 trillion in a similar timeframe.

Scared of the National Debt?

Our country’s debt is so concerning that a nonprofit organization, The Committee to Unleash Prosperity (CTUP), created a billboard campaign that showcased in New York City’s Times Square. It featured footage of people fleeing the national debt with the words, “Scared of the National Debt? You Should Be”. Take a look below to catch a glimpse of this campaign they created to wake up the masses:

Americans Suffer While Government Spending on Wars and Illegal Immigrants Increases National Debt

Of course, there are many factors that have the national debt high up there on the charts, like the pandemic, for example. COVID-19 and all the funding that went along with it pushed the debt to new heights. While the pandemic has since settled down, the country’s debt keeps climbing. Why are we seeing the numbers continuing to climb at such a staggering rate?

As mentioned, there are multiple elements pushing the debt up, but we’ll focus on two that are contributing to the problem at an alarming rate. These are factors that many U.S. citizens feel are unnecessary, financially irresponsible, and downright dangerous – this would be the funding of the war in Ukraine and other countries, as well as money that’s funneled into keeping the border crises up and running.

Border Funding Decisions Pushing the U.S. Deeper into Debt

The government is spending billions to make the United States unsafe by orchestrating, allowing, and funding undocumented illegal immigrants to come to America. They’re spending taxpayer money to usher them in and provide them with food, housing, medical care, transportation, and funds for monthly spending. How many American single mothers or homeless vets could use help with food, housing, and free money to make ends meet?

On top of this, most people are unaware of the fact that the Biden administration secretly flew 320,000 illegals into U.S. airports. As you can imagine, it would take an obscene amount of money to put that many people on flights to the U.S. Why would they take the time to do this, and why would they spend money they don’t have to make this all happen?

The government must have a crucial end goal they’re working towards if they’re spending billions on this, perhaps a self-serving one. It doesn’t end there, though; once they arrive and overwhelm a city’s resources, the city requires more funds to deal with it, which increases the debt; the situation is a mess and makes no sense at all.

Billions Allocated Towards the Ukraine War to No End

The U.S. is allocating billions of dollars to fund conflicts in Ukraine and the Middle East, all while channeling funds into corporations associated with the Military Industrial Complex as our national debt increases by $1 trillion every 100 days.

Many argue that dedicating more funds to the conflict in Ukraine would be pointless. Why is this the case? Because evidence suggests that despite the level of support provided, Ukraine’s chances of overturning the situation are zero. The illusion of having a winning chance is only created through false statements made to the public. One such statement came straight from President Zelenskyy when he reported that only 31,000 Ukrainian soldiers had been killed, when in reality, the number was over 400,000.

Additionally, each new wave of resources and funding provided by the U.S. corresponds with an increase in soldier casualties in Ukraine. In other words, all our continued funding is accomplishing is the tragic decimation of the Ukrainian population. There must be another self-serving motive for the U.S. to dedicate significant funds they don’t have toward a battle they know is already lost.

Related Article: Taxpayer Dollars Fund Wars Only to Be Paid Back with Crippling Inflation

As the government funds its side projects, the debt per U.S. citizen continues to rise. According to usdebtclock.org, the debt per citizen is currently $102,568. When you include only taxpayers, the amount becomes $266,499, and the numbers continue to rise.

Implications of this Unchecked Borrowing are Far-Reaching

The national debt acts as a looming shadow over the American economy, threatening to destabilize financial markets and erode confidence in the United States’ financial stability. It continues to get worse, though, because the country earned itself a downgrade in its credit rating from “stable” to “negative” by Moody’s Investors Service. This downgrade paints a grim picture of the potential for increased borrowing costs, a challenging environment for economic growth, and a difficult road ahead for hard-working U.S. citizens who deserve more.

Shielding Your Finances From Risks Created by Government Actions

With national debt reaching alarming levels, people are scrambling to safeguard their financial future with many looking into tangible assets such as real estate and gold.

Related Article: How Hard Assets Create Wealth and Financial Security

Gold has historically been regarded as a safe and reliable asset, typically appreciating in value during times of economic uncertainty. Its intrinsic value and scarcity make it resistant to inflation and market volatility, and this is why you often see the price of gold rise as Wall Street takes a dive. Buying gold is and always will be a wise strategy for protecting and growing your wealth.

When it comes to real estate, it’s a resilient asset class that continues to generate steady rental income regardless of how high the national debt rises. Rental properties maintain intrinsic value through both the physical asset and the income they generate, which protects them from volatile economic factors. In addition to this, as national debt increases and the potential for inflation rises, real estate investments generally act as a hedge against inflation since property values and rents generally rise with inflation.

If you’d like to protect your hard-earned money from uncontrollable factors such as the national debt and inflation, feel free to reach out to the team at Morris Invest, or visit our program overview page. Morris Invest is a full-service real estate investment company that provides new construction rental properties that will generate stable income for years to come and safeguard your wealth in the process.

Before you go, dive into the following video – It’s here! This is the END of the U.S. Dollar as we know it:

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