The American debt surpasses 36 trillion dollars on the eve of Trump's inauguration: a burden equivalent to 106 thousand dollars for every citizen

On the eve of former President Donald Trump's assumption of office in January 2017, the U.S. national debt reached a new record high by exceeding the 36 trillion dollar mark, raising widespread concerns about its long-term impact on the American economy.

What the number means for the American citizen:

When the total debt is divided by the population of the United States, each American citizen's share is approximately 106,000 dollars. This figure reflects the financial burdens borne by current and future generations as a result of economic policies that have led to increased government borrowing to finance the federal deficit.

Factors contributing to the accumulation of debt:

1. Increased government spending: The years leading up to Trump's presidency saw a significant increase in government spending, including healthcare programs, defense, and social security.

2. Budget deficit: The annual federal budget deficit continued to grow due to the gap between revenues and expenditures.

3. Economic crises: The effects of the global financial crisis of 2008 and subsequent expansionary policies significantly contributed to raising debt levels.

Reactions:

• Economic analysts: Warn that surpassing debt levels may expose the U.S. economy to risks including slowing economic growth, rising borrowing costs, and reduced government capacity to respond to crises.

• Political opposition: Both Democrats and Republicans criticized the policies that contributed to this rise, noting the need for stringent financial reforms.

• The new administration (Trump): Trump promised during his campaign to reduce the deficit and stimulate the economy through tax reforms and increased growth, but he faced enormous challenges in achieving that.

Upcoming challenges:

The rising public debt places the administration in a significant dilemma: Should government spending be cut, potentially affecting vital programs like education and healthcare? Or should taxes be raised, which could burden individuals and businesses?

The impact of debt on the global economy:

Since the U.S. dollar is the global reserve currency, the massive American debt raises concerns among global investors who rely on the strength and stability of the U.S. economy. If the United States' ability to meet its obligations weakens, it could lead to shocks to the global economy as a whole.

If you want additional details about the economic policies adopted by Trump to address the debt or updated figures, I can assist you with that.