New numbers from the government's FiscalData system show that on July 27th, the country's total public debt hit $32.659 trillion. That's an increase of $392.75 billion in the last month, and an increase of $66.41 billion in the last week alone.

The surge has brought America's quarterly interest payments on its debt to nearly $1 trillion, according to the Federal Reserve Bank of St. Louis.

The new data comes amid a warning on America's financial outlook from the Cato Institute.

The libertarian think tank says the country's ever-expanding debt is now an issue of national security.

"Delaying responsible fiscal reforms in the face of growing federal debt invites economic and national decline. High and rising U.S. federal debt leads to suppressed private investment, reduced incomes, and increased risk of a sudden fiscal crisis.