The Jeep Grand Cherokee Overland model is one of the fairly upscale SUVs available in America, pricing out in the $60,000 range usually.

It’s got more gadgets than Americans actually need, and financing that puts a family in the range of a payment around $700 a month.

Now a new report from The Center Square notes that’s about how much the federal government is borrowing.

Every second. Every hour. Every day. All week. All month.

Meaning it’s borrowing enough to buy some 86,400 such vehicles in a day.

That’s about $5 billion.

The U.S. Treasury has reported a $1.4 trillion deficit for the first three-quarters of fiscal year 2023, under Joe Biden’s much-touted “Bidenomics.”

“Three-quarters into the fiscal year and we’re borrowing an astounding $5.1 billion per day,” Maya MacGuineas, president of the Committee for a Responsible Federal Budget, said in the report.

“If that isn’t a sign that we need a wake-up call, maybe it should be the fact that the deficit for this fiscal year is now larger than all of last year’s deficit – and there’s still three months to go.”

The future looks like this, the U.S. Congressional Budget Office estimate earlier this year: A national debt twice as large as the U.S. economy.

“By the end of 2023, federal debt held by the public equals 98 percent of GDP,” The Center Square explained the report said. “Debt then rises in relation to GDP: It surpasses its historical high in 2029, when it reaches 107 percent of GDP, and climbs to 181 percent of GDP by 2053.”

Soon, The Center Square estimated, in as little as a decade, the interest payments of the national debt will be more than the cost of the nation’s defense.

A little longer, the CRFB said, and the interest will surpass Social Security, Medicare, Medicaid and more.

“The federal government borrowed $2 trillion over the past 12 months. That’s $63,000 per second,” charged Rep. David Schweikert, R-Ariz., in the report. “It’s delusional to think our debt doesn’t matter when America’s working class suffers the consequences.”

Joe Biden is on the record boasting that he’s cut the federal deficit by $1.7 trillion, but fact-checkers have corrected him, pointing out that much of than figure is simply the federal aid programs that were inaugurated during COVID-19 expiring.

This article was originally published by the WND News Center.

This post originally appeared on WND News Center.