US Debt Soars to $34.5 Trillion Despite Low Unemployment, Raising Concerns Over Federal Spending

US public debt is surging to concerning levels, currently at $34.58 trillion, despite low unemployment rate of 3.75%

Citadel CEO Ken Griffin says government spending is irresponsible given the strong economy

Rising entitlement spending is straining major economies; productivity urgently needs to increase

US debt has doubled in past year to over $2 trillion; debt-to-GDP ratio now over 100%

Federal spending is dominated by Social Security, Medicare, health care, national defense, and income security