BREAKING: US federal debt has officially risen above $39 trillion for the first time in history, now up +$2 trillion over the last 8 months. Since the debt ceiling was lifted in early July, US debt has risen +$2.8 trillion.

Total US debt has nearly DOUBLED since 2018, with the US Debt-to-GDP ratio now up to 124%.

Meanwhile, US debt is projected to surge +$2.4 trillion per year over the next 10 years, reaching a record $64 trillion by 2036, according to CBO estimates.

The US debt crisis is out of control.