#USNationalDebt The U.S. national debt exceeds $34 trillion as of 2025, driven by decades of deficit spending, tax cuts, wars, and entitlement programs. It represents the total amount the federal government owes creditors. While some debt helps stimulate economic growth, sustained high levels raise concerns about interest payments, inflation, and long-term fiscal stability. Rising interest rates further compound the issue, making debt servicing more expensive. Economists debate how much debt is too much, but many agree reforms are needed to curb spending or increase revenue. Without action, future generations may face reduced government services, higher taxes, or slower economic growth.