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Marlowe Keynes
Debt growing at$36,121per second
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US National Debt

$38,645,729,808,783

and counting...

Debt Per Citizen

$112,637

Debt Per Taxpayer

$354,874

Interest Outlook

Estimated federal interest burden over the next 12 months

Est. Interest Payment
Next 12 Mo.
$1,241,160,615,000
FRED A091RC1Q027SBEA projected forward with 3.5% debt growth
Est. Avg Interest Rate
Next 12 Mo.
3.43%
Current Avg on Debt3.19%
10-Year Treasury4.16%
Fed Funds Rate3.64%
Effective rate (interest payments ÷ total debt) blended with 10Y Treasury

US National Debt — 20 Year History

Source: FRED GFDEBTN (Total Public Debt, Quarterly)

Current

$37.6T

200520062008201020122013201520172019202020222025$0.0T$9.5T$19.0T$28.5T$38.0TSeq.
2008 Financial Crisis (2008)
ACA Signed (2010)
Sequestration (2013)
Tax Cuts & Jobs Act (2017)
COVID-19 Pandemic (2020)
American Rescue Plan (2021)
Inflation Reduction Act (2022)

Federal Spending & Revenue

Federal Spending (Official)$7,073,218,152,488
Budget Deficit (Official)$1,708,768,374,106
Tariff Revenue$373,556,049,879
Revenue Per Taxpayer$3,248

US Federal Debt to GDP Ratio

196053.25%
198034.51%
200059.19%
NOW124.17%
Current:124.27%

Budget Deficit / Surplus to GDP Ratio

19801.62%
19903.43%
20001.71%
20109.60%
NOW5.49%
Current:5.49%

Largest Budget Items

Federal spending breakdown by category (FY 2025/2026 estimates)

🏥Medicare / Medicaid
$1,937,139,892,474
👴Social Security
$1,611,826,098,128
⚠️Interest on Debt (Net)
$988,569,945,532
🛡️Defense / Wars
$929,256,174,564
💼Income Security
$682,687,324,793
🚨Waste / Fraud / Abuse
$336,938,343,279
📋Federal Pensions
$309,971,197,331
🌾Food / Agriculture Subsidies
$269,850,711,437
🔒Classified Programs
$109,037,049,307

Economy & Population

US GDP (Nominal)$31,098,027,000,000
Total Fed/State/Local Spending$10,200,000,406,285
Total Spending to GDP32.8%
Unemployment Rate4.3%
US Population343,100,000
US Taxpayers108,900,000