US debt is now $37trn – should we be worried?

The US debt has reached a staggering $37 trillion, raising concerns about its sustainability and impact on global borrowing. Critics, including Elon Musk, have condemned Trump's tax-cutting budget bill, expecting it to increase the debt by $3 trillion. The growing debt has led to a weaker dollar, higher borrowing costs, and worries about potential crises like drastic spending cuts, increased taxes, money printing, or a US default. Ray Dalio warns that without immediate action, the US may struggle with managing debts of up to $10 trillion annually.