Key Takeaways:
- The U.S. national debt is growing faster than the economy.
- Interest alone will cost Americans about $16 trillion in 10 years.
- Annual deficits projected to jump from $1.9 trillion to over $3 trillion.
- Debt now fuels inflation and rising prices.
- Every family and business — including yours — will feel the impact.
America just crossed another dangerous financial milestone.
The national debt keeps climbing…
The interest you and I pay on the debt – wasted on paying bankers and investors is now about $1 trillion a year.
And Washington keeps spending, spending.
They act like it doesn’t matter.
This isn’t theoretical.
It affects your paycheck, retirement, mortgage rate, groceries, jobs and economic growth — and your children and grandchildren’s future.
The danger isn’t someday.
It’s now.
Here are 6 reasons this matters to you personally.
1) Interest Payments Are Eating the Federal Budget
The federal government now spends about $1 trillion every year just on interest.
Not roads.
Not national defense.
Not the judicial system failures.
Interest.
And projections show taxpayers will pay roughly $16 trillion in interest over the next decade.
That means your taxes increasingly fund past spending — not current services.
Eventually politicians must choose to:
• Raise taxes
• Cut benefits
• Inflate the currency, causing prices to rise
Historically… they choose inflation.
2) Debt Slows Economic Growth
Heavy government borrowing crowds out private investment.
When Washington borrows more:
• Businesses borrow less
• Expansion slows
• Hiring slows
• Wage growth weakens
Small businesses get hit first.
And middle-class job growth follows.
Economic growth is the only real path to rising living standards — and massive debt chokes it off.
3) The Burden Falls on Younger Generations
Every child born today effectively inherits tens of thousands in federal debt obligations.
They didn’t vote for it.
They didn’t approve it.
But they will pay it.
Through:
• Higher taxes
• Lower growth
• Reduced opportunity
This is intergenerational wealth transfer — in reverse.
4) Risk to the Dollar and America’s Credit
The U.S. has long benefited from global confidence in the dollar.
But debt changes confidence.
Ratings agencies already downgraded U.S. credit — and it will happen again.
When trust weakens:
• Interest rates rise
• Borrowing costs rise
• Mortgage rates rise
• Markets become unstable
A reserve currency survives on confidence.
Debt erodes confidence.
5) A Fiscal Crisis Becomes More Likely
Government spending is growing faster than revenue — permanently.
Even strong tax collections cannot keep up.
The Congressional Budget Office now projects:
• Deficits rising from about $1 trillion to $1.7 trillion annually by 2034
• Debt exceeding levels seen after World War II
This means recurring crises:
• debt ceiling battles
• emergency spending
• sudden tax increases
• rushed legislation
Not stability.
Uncertainty.
6) The National Debt Drives Inflation and Rising Prices
Here is what many Americans now feel every week at the grocery store and with any purchase.
Debt fuels inflation.
How?
Government overspending requires borrowing.
Borrowing pushes interest rates higher.
Higher rates lead the Federal Reserve to create money pressure in the financial system.
The result:
More dollars chasing the same goods.
That means:
• Higher food prices
• Higher housing costs
• Higher insurance
• Higher energy costs
Inflation is not random.
Persistent federal deficits are one of its major causes.
A New Warning From Budget Analysts
Recent federal projections show something historic.
Interest payments alone will soon become one of the largest items in the entire federal budget.
Within the next decade:
• Annual deficits may approach $2 trillion
• Total interest costs will reach $16 trillion
In simple terms:
America will be borrowing money…
To pay interest…
On money already borrowed.
That cycle cannot continue forever.
It’s unsustainable.
Why This Matters to You
Debt isn’t abstract.
It shows up as:
- Higher prices
- Lower wages
- Higher mortgage rates
- Market volatility
- Reduced retirement security
- Less business growth
- Less innovations.
You experience federal fiscal policy every day — whether you follow politics and economics or not.
The Bottom Line
A nation can survive large debt for a time.
But not permanent, accelerating debt.
At some point the correction comes through:
• inflation,
• taxation,
• or economic crisis.
History shows governments rarely choose restraint voluntarily.
Voters must demand it.
An informed citizen is the first defense against economic decline.
Action:
America’s debt crisis won’t be solved by economists.
It will be decided by voters.
Here’s what you can do right now:
1) Vote to change the direction.
In the upcoming election, it’s critical conservatives win control of the U.S. Senate and House.
Without a change in leadership, spending — and the deficit — will accelerate even faster.
The debt crisis is not automatic.
It’s political.
And elections determine fiscal policy.
2) Help fund the tipping point
You can help defeat liberal Democrats by donating to the Turn America Around Fund. Click HERE to donate.
We are targeting specific districts and voter groups — especially evangelical Christians — encouraging them to vote for their values, not against them.
Strategic turnout will decide the Senate and House races.
Your support helps reach the voters who will determine the outcome.
3) Pray for the nation
Pray about this upcoming election.
Pray for your senators and representatives — and for how they vote.
Policy shapes the future…
But prayer shapes leaders.
4) Get informed — and prepared
Read my book:
The Great Deception: 10 Shocking Dangers and the Blueprint for Rescuing the American Dream
Inside I explain:
• the economic dangers America faces
• the policies causing them
• and practical solutions to turn the country around
Understanding the problem is the first step toward solving it.
The future isn’t written yet.
But it will be decided soon.
Take action — while there’s still time.
Click HERE to order the book online.
You can order the book on Amazon HERE.
Or get the audiobook version HERE and on Kindle HERE.
You can get an autographed edition online HERE or by phone at 615-814-6633 (M-F 10 am to 3 pm).
You can also send a check for $26.13 (including shipping) payable to Media Specialists and send it to this address:
Media Specialists
1313 4th Ave N
Nashville, TN 37208
FAQs:
Q: What is the U.S. national debt?
A: The national debt is the total amount of money the federal government has borrowed over time to cover spending that exceeds tax revenue. It’s accumulated from years of annual budget deficits.
Q: Why does the national debt matter to everyday Americans?
A: Because it directly impacts your cost of living and financial stability through:
- higher interest rates
- higher taxes (or fewer services)
- slower wage growth
- weaker economic growth
- rising inflation pressures
- greater risk of a fiscal or market crisis
Q: What does it mean when interest payments “crowd out” other spending?
A: It means more federal dollars go to paying interest instead of funding core priorities like national defense, infrastructure, public safety, or essential programs. Interest becomes a “mandatory” cost that squeezes everything else.
Q: Why are interest payments on the debt rising so fast?
A: Because debt keeps growing and interest rates are higher than they were during the ultra-low-rate era. When trillions of dollars in government borrowing get refinanced at higher rates, the interest bill balloons.
Q: Is it true interest on the debt could cost about $16 trillion over 10 years?
A: Yes — recent budget projections cited in major reporting estimate roughly $16 trillion in total federal interest costs over the next decade. That’s one reason the long-term outlook is so concerning.
Q: How can large deficits rise from about $1.9 trillion to over $3 trillion a year?
A: Because spending growth and interest costs are projected to outpace revenue growth. Even if tax receipts rise, the combination of entitlement spending growth and higher interest costs pushes deficits higher.
Q: Does the national debt cause inflation and rising prices?
A: It can create strong inflationary pressures—especially when chronic deficits encourage policies that expand money/credit and keep demand elevated. Over time, persistent borrowing and monetization-style responses can weaken purchasing power and push prices higher.
Q: Does government borrowing affect mortgage rates and credit card rates?
A; Yes. Heavy federal borrowing can push overall demand for credit higher and contribute to higher interest rates across the economy, which can affect:
- mortgages
- auto loans
- credit cards
- small business loans
Q: Can the U.S. “just print money” to handle the debt?
A: Governments can create money, but that typically increases inflation risk, weakens purchasing power, and can undermine confidence in the currency. “Printing” may look like an easy fix—until prices rise and the dollar loses credibility.
Q: What are the realistic ways a country deals with excessive debt?
A: Historically, governments tend to use some mix of:
- spending restraint
- higher taxes
- inflation
- financial repression (keeping rates below inflation)
- crisis-driven reforms
The longer action is delayed, the more painful the eventual adjustment tends to be.
Q: Could a debt crisis happen suddenly?
A: Yes. Confidence shocks can move fast—especially if markets lose faith in fiscal discipline. A crisis could show up as rapid rate spikes, market turmoil, emergency policy moves, or severe austerity.
Q: What can citizens do about the debt problem?
A: At minimum:
- demand fiscal transparency
- oppose reckless spending that isn’t paid for
- support reforms that control long-term obligations
- vote with fiscal reality in mind, not slogans
About Craig Huey:
Craig Huey is a longtime direct-response marketing strategist and publisher who focuses on the intersection of faith, politics, culture, and economic freedom. He is president of ElectionForum.org and the founder of Creative Direct Marketing Group (CDMG), where his team has tested thousands of marketing variables and earned more than 100 industry awards. Craig publishes commentary at CraigHuey.com and co-hosts media projects that equip Americans to understand what’s happening—and what to do next.