The Math Isn’t Mathing: America’s Debt Doubles Under Trump!

The price tag for extending trumps 2017 tax cuts? $5.5 trillion by 2035

The United States is facing an economic crisis of unprecedented proportions. The numbers tell a bleak story—one that even the most optimistic policymakers cannot ignore. At the heart of this fiscal nightmare is a national debt that is not only growing but accelerating at an alarming rate. Despite efforts to spin the issue into a political debate, the reality is that America is barrelling toward financial catastrophe, and the numbers do not lie.

America's Debt: A Bleak Fiscal Future

The Congressional Budget Office (CBO) projects that by the end of the current budget year, the national debt will reach $37.2 trillion. Over the next decade, that number is expected to climb by an additional $20 trillion—placing the total U.S. debt at well over $70 trillion by 2035. This would mean that the U.S. economy would be burdened with debt levels surpassing 155% of GDP, an economic scenario that spells disaster for future generations.

To put this into perspective, when many of today’s policymakers took office, the publicly held national debt was $28 trillion—a sum that took 240 years to accumulate. In contrast, the projections indicate that this figure will double in just nine years. The situation is so dire that even the most fiscally conservative members of Congress are struggling to find solutions.

Interest Payments: A Looming Crisis

One of the most alarming aspects of America’s debt explosion is the cost of interest payments. As borrowing increases, so does the price of servicing the debt. If current trends continue, by 2035, annual interest payments alone will reach $2 trillion. To put this into perspective, interest will soon surpass defense spending as the second-largest expenditure in the federal budget—only behind Medicare and Social Security.

The bond market, which plays a crucial role in financing government debt, is already showing signs of concern. The United States is no longer viewed as the safest bet for investors, with countries like Greece now able to borrow at lower rates than the U.S. This erosion of financial confidence could lead to higher borrowing costs, making the debt crisis even worse.

The 2017 Tax Cuts: A Ticking Time Bomb

At the center of the debate is the 2017 tax reform, which dramatically reduced corporate tax rates and cut taxes for the wealthy while failing to generate the promised economic growth. The expiration of key provisions in 2025 means that lawmakers will be forced to make tough decisions—either allowing tax rates to rise or further increasing the deficit by extending these cuts without offsets.

The price tag for extending these tax cuts? $5.5 trillion by 2035—and that’s before accounting for the additional $1.3 trillion in interest required to finance them. This is why the numbers have fiscal conservatives in Congress panicking: if nothing changes, by the time today’s toddlers become young adults, tax rates would need to double just to maintain baseline government services.

The Lies We Tell Ourselves

The problem is not just spending; it is also about revenue and political dishonesty. For decades, politicians have sold Americans the idea that fiscal responsibility can be achieved with simple fixes—cutting foreign aid, reducing government waste, or eliminating certain tax loopholes.

But the math exposes these claims as myths:

• Cutting all foreign aid would cover only one week of borrowing.

• Eliminating the Department of Education salaries would cover only nine hours of borrowing.

• Ending healthcare subsidies for undocumented immigrants would cover just nine hours of borrowing.

  
  

The reality is that these "solutions" are not solutions at all. The scale of the crisis is far beyond what small budget cuts can address.

Entitlement Spending: The Unavoidable Reality

A hard truth remains: almost 100% of the next decade’s debt increase will come from interest payments and entitlement spending—primarily Medicare and Social Security. The Baby Boomer generation is retiring at a rapid pace, and the system was never designed to handle the strain. Social Security’s trust fund is projected to be depleted by 2033, triggering an automatic 20% cut to benefits unless drastic measures are taken.

Rep. David Schweikert (R-AZ) AP Photo/Mark Schiefelbein, File

Compounding the crisis is a declining birth rate and a shrinking workforce. As Rep. David Schweikert (R-AZ) pointed out in a recent House floor speech:

“The thing we weren’t prepared for is [that] the U.S. fertility rate started to collapse in 1990. We don’t have enough young people. … Oh, how hard it is to keep up, predict productivity and growth. And it’s not just the United States, it’s all across the world. There’s a shortage of young people, but we’re going to pretend [that] we can just grow our way out of things. That’s complete [nonsense].”

This demographic shift presents a stark reality: fewer workers contributing to the economy and paying into Social Security means that the system is headed toward insolvency at an even faster rate than projected. Without meaningful reform—whether through increased immigration, incentives for family growth, or adjustments to benefits—the gap between revenue and expenditures will only widen.

Are We Ready for Financial Armageddon?

The debt crisis is no longer a problem for future generations—it is a problem for this generation. If interest rates rise, the United States could face an economic collapse worse than the 2008 financial crisis. This is not a game. The math does not care about political spin, ideological preferences, or partisan finger-pointing.

At current trends, America is heading toward fiscal reckoning. The government is borrowing more than $6 billion per day, and that number is increasing. Without serious reform, the nation will be forced into painful austerity measures or, worse, a sovereign debt crisis.

The question is simple: Will Congress find the political courage to act before it is too late?

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