If you thought you were broke and in debt, you may feel a little better (or don't) to hear that the U.S. as a whole is tens of trillions of dollars in debt.
In exactly one year, the national debt has jumped $2.35 trillion, adding to a whopping $38.56 trillion.
Oy Vey! ¡Ay, Caramba! WTF?!
All of these sayings in responding to the growing debt are valid.
According to the Joint Economic Committee, which is comprised of a group of Republican Senators and Representatives, including Florida Senator Ashley Moody and Arizona Rep. David Schweikert, the debt is $10.70 trillion higher to where it was 5 years ago.
Yes, blame the Biden administration, but also look at how the debt has increased since President Donald Trump took office.
As of February 4, 2026, the total gross national debt is $38.56 trillion. Relative to one year ago, total gross national debt is $2.35 trillion higher; relative to five years ago, it is $10.70 trillion higher. Over the past year, the rate of increase averaged $6.43 billion per day, $267.76 million per hour, $4.46 million per minute, or $74,378.88 per second.
The increase in gross national debt over the past year amounts to $6,894.56 per person or $17,401.98 per household while total gross national debt amounts to $113,354 per person or $286,108 per household.
Assuming the average daily rate of growth over the past three years continues, the U.S. will reach $39 trillion by approximately April 12, 2026. At that rate, an increase of another trillion dollars would be reached in approximately 154 days.
“The national debt has reached an unsustainable $35+ trillion and it is beyond time for some accountability to the American people,” said Sen. Rick Scott. “When you break it down, that works out to over $104,000 per child born today—we cannot continue to saddle our next generation with this debt.”
Sen. Scott made the statement just 3 months ago.
