<p>The <a href="https://www.dailywire.com/topic/national-debt" target="_blank" rel="noopener">national debt</a> of the United States surpassed $35 trillion for the very first time on Monday, prompting GOP lawmakers to renew calls for changes to rein in government spending.</p>
<p>House Budget Committee Chairman Jodey Arrington (R-TX)&#8217;s panel <a href="https://budget.house.gov/press-release/us-national-debt-surpasses-35-trillion" target="_blank" rel="noopener">released a brief report</a> that explained how the &#8220;gross national debt&#8221; at the $35 trillion mark equated to $104,497 per person, $266,275 per household, or $483,889 per child.</p>
<p>The report noted how the debt was at $32.65 trillion one year ago, which means it increased by $2.35 trillion over the past 12 months or — when broken down further — $268 million in new debt per hour.</p>
<p>&#8220;Today, we grieve yet another dubious milestone in the fiscal decline of the most powerful and prosperous nation in history,&#8221; Arrington said in a statement. He added, &#8220;I believe Republican leadership in 2025 is our last best hope to restore fiscal responsibility before it&#8217;s too late.&#8221;</p>
<p>The report pointed to the House Budget Committee&#8217;s fiscal 2025 budget resolution and said it &#8220;provides a much-needed roadmap on the path toward fiscal responsibility, economic freedom, and unleashing prosperity in America again.&#8221;</p>
<p>Shortly after 5 p.m. ET on Monday, the tracker page run by the Treasury Department <a href="https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/" target="_blank" rel="noopener">showed</a> the national debt at $35,001,278,179,208. The House Budget Committee&#8217;s report noted that the agency reports the amount of debt outstanding at the end of the previous business day.</p>
<p>To maintain the national debt, the federal government gets charged interest for use of money from lenders, the Treasury Department says on its website. As of June 2024, <a href="https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/#the-national-debt-explained" target="_blank" rel="noopener">the agency notes</a>, it cost $868 billion to maintain, or 17% of total federal spending in the current fiscal year.</p>
<p>Rep. Scott Perry (R-PA), a former chairman of the conservative House Freedom Caucus, warned the national debt is on track to reach $36 trillion by mid-November — which would be shortly after this year&#8217;s presidential election.</p>
<p>&#8220;The Biden-Harris administration&#8217;s push for more out-of-control spending is unacceptable, and further imperils our great Nation,&#8221; <a href="https://x.com/RepScottPerry/status/1817962607355298217" target="_blank" rel="noopener">Perry added</a> in a post to X.</p>
<p>Also on X, <a href="https://www.dailywire.com/news/court-says-media-outlets-defamed-conservative-economist-orders-them-to-pay-massive-settlement" target="_blank" rel="noopener">economist Peter Schiff</a> explained how the national debt has risen more than $7.2 trillion since President Joe Biden took office in January 2021. He <a href="https://x.com/PeterSchiff/status/1817871910862008388" target="_blank" rel="noopener">said</a> it took 43 presidents 215 years to add the first $7.2 trillion while it took Biden just 3.5 years.</p>
<p>Schiff noted there was a &#8220;single-term record&#8221; of $7.8 trillion added to the national debt when former President Donald Trump was in office from January 2017 to January 2021, during which time <a href="https://x.com/PeterSchiff/status/1817875043054911724" target="_blank" rel="noopener">COVID relief spending</a> took off. &#8220;Biden is on track to break that record,&#8221; he added.</p>
<p>The national debt <a href="https://www.dailywire.com/news/greatest-threat-to-americas-national-security-national-debt-hits-34-trillion-for-first-time" target="_blank" rel="noopener">hit $34 trillion</a> for the first time in January.</p>
<p>Sen. Patty Murray (D-WA), chairwoman of the upper chamber&#8217;s Appropriations Committee, <a href="https://x.com/PattyMurray/status/1816607108239954138" target="_blank" rel="noopener">said in a recent post to X</a> that Trump&#8217;s &#8220;tax cuts gave handouts to billionaires that added trillions to our national debt.&#8221;</p>
<p>She added that &#8220;Democrats are working to make sure billionaires pay their fair share in taxes. The difference is clear.&#8221;</p>

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National Debt Surpasses $35 Trillion; GOP Raises The Alarm

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National Debt Surpasses $35 Trillion; GOP Raises The Alarm