#USNationalDebt As of 2025, the U.S. national debt exceeds $34 trillion, reflecting years of government spending outpacing revenue. Major contributors include defense, Social Security, Medicare, and interest on existing debt. The COVID-19 pandemic further accelerated borrowing due to stimulus packages and economic relief efforts. Rising interest rates have increased the cost of servicing the debt, creating long-term fiscal challenges. Economists warn that if debt continues growing faster than the economy, it could crowd out private investment, reduce fiscal flexibility, and burden future generations. While some argue that moderate debt can support economic growth, many agree that a balanced approach involving spending cuts and tax reforms is essential to stabilize the national debt and ensure sustainable economic health for the country.