{"id":11731,"date":"2023-08-14T20:53:24","date_gmt":"2023-08-14T20:53:24","guid":{"rendered":"https:\/\/isafespend.com\/news\/us-national-debt-tracker-see-how-much-the-government-obligations-cost\/"},"modified":"2023-08-14T20:53:25","modified_gmt":"2023-08-14T20:53:25","slug":"us-national-debt-tracker-see-how-much-the-government-obligations-cost","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=11731","title":{"rendered":"US national debt tracker: See how much the government obligations cost"},"content":{"rendered":"
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The U.S. national debt has shown no signs of slowing down since it surpassed a historic $32 trillion milestone in June.<\/p>\n

In the two months since then, the national debt \u2014 which measures what the U.S. owes its creditors \u2014 has surged to roughly $32.69 trillion as of Friday afternoon. By comparison, just four decades ago, the national debt hovered around $907 billion.<\/p>\n

The unrelenting increase is what prompted Fitch Ratings to issue a surprise downgrade of the nation’s long-term credit score in early August. The agency cut the U.S. debt by one notch, snatching away its pristine AAA rating in exchange for an AA+ grade. In making the decision, Fitch cited alarm over the country’s deteriorating finances and expressed concerns over the government’s ability to address the ballooning debt burden amid sharp political divisions.\u00a0<\/p>\n

“This is a warning shot across the U.S. government’s bow that it needs to right its fiscal ship,” Sean Snaith, an economist at the University of Central Florida, told FOX Business. “You can’t just spend trillions of dollars more than you have in revenue every year and expect no ill consequences.”<\/p>\n

NATIONAL DEBT HITS $32 TRILLION TWO WEEKS AFTER DEBT CEILING DEAL<\/strong><\/p>\n