America's $38 Trillion Debt Crisis — It's Spiraling Out of Control
Published: 2025-11-03
Status:
Available
|
Analyzed
Published: 2025-11-03
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 2
Prediction
Topic
Status
US federal government debt exceeded $38 trillion.
"The federal government is now in debt by over 38 trillion."
Correct
US government added $1 trillion to its debt in approximately 2.5 months.
"They added $1 trillion of debt in just two and a half months."
Correct
US government had a deficit of $1.78 trillion in fiscal year 2025.
"So for 20 fiscal year 2025, the US government over spent by 1.78 trillion."
Correct
US government deficit in fiscal year 2024 was $1.83 trillion.
"Now that's actually a little bit better than last year's deficit of 1.83 trillion."
Correct
In fiscal year 2025, the US government collected $5.23 trillion in taxes and spent $7 trillion, resulting in a $1.78 trillion deficit.
"The government collected $5.23 trillion in taxes. But if you're taking a look, I mean, take a look at that. I don't know why they don't just write 5.23 trillion. Anyways, 5.23 trillion collected. ... The government collected $5.2 trillion, but they spent 7 trillion. And that's how we end up with a $1.78 trillion deficit."
Correct
In fiscal year 2025, personal income taxes accounted for $2.65 trillion of US government revenue, and FICA, Social Security, and Medicare taxes were the next largest source.
"Half of that money is coming from personal income taxes, 2.65 trillion. And then the next largest source is coming from FICA taxes, social security taxes, and Medicare taxes."
Correct
Corporate income taxes represented $452 billion of the $5.2 trillion collected by the US government in fiscal year 2025.
"Corporate income taxes amounted to only 452 billion of the 5.2 trillion collected."
Correct
US government collected $195 billion from customs duties and tariffs in fiscal year 2025.
"Customs, duties, tariffs, they brought in a total of $195 billion."
Incorrect
US government spent $970 billion on interest payments in fiscal year 2025.
"The government spent $970 billion on interest payments in 2025."
Incorrect
US government spent $917 billion on national defense in fiscal year 2025.
"They spent $917 billion on national defense."
Correct
18.5% of US government revenue in fiscal year 2025 was allocated to interest payments.
"That's 18.5% of everything that the government collects is going towards interest."
Correct
Social Security benefits amounted to $1.5 trillion in fiscal year 2025.
"Social Security benefits are 1.5 trillion."
Correct
Even with Federal Reserve interest rates near 0%, the US government would still incur hundreds of billions of dollars in interest payments.
"Even if the Federal Reserve cuts interest rates close to 0% like it was in previous years, the government would still be paying hundreds of billions of dollars in interest payments."
Correct
Income security programs accounted for $72 billion in US government spending in fiscal year 2025.
"The biggest one that's remaining is going to be income security for $72 billion."
Correct
The US national debt is predicted to continue growing regardless of which political party is in power.
"Both parties are going to overspend. The national debt's just going to grow. And there is no stopping this train."
Correct
The transcript suggests a trend of increasing national debt additions by successive US presidents: Bush, Obama, Trump, and Biden, with each subsequent president adding more debt than the previous one.
"President Bush, he added a record amount of new debts. Obama outdid Bush. Trump outdid Obama. Biden outdid Trump."
Correct