The United States has officially surpassed a historic milestone, with its sovereign debt exceeding $30 trillion for the first time. Data released by Odaily reveals that as of November, the U.S. government’s outstanding Treasury bills, notes, and bonds have reached an astounding $30.2 trillion. This amount significantly contributes to the nation’s total debt burden, which stands at a staggering $38.4 trillion, including obligations to Social Security trust funds and savings bond holders. 2020 saw the U.S. raise approximately $4.3 trillion through the issuance of these government securities, with the fiscal deficit exceeding $3 trillion in that year. Despite a subsequent decline in deficits, projected to reach approximately $1.78 trillion by 2025, interest payments alone amount to $1.2 trillion. Jason Williams, a rate strategist at Citigroup, has highlighted the significant challenge posed by these mounting debt obligations. He pointed out that even if tariffs reach a substantial revenue of $300-$400 billion, it will fall short of covering existing debt interest payments. This situation is likened to being trapped in quicksand, as though tariffs might slow the decline, they cannot entirely prevent it.