#USNationalDebt The U.S. national debt refers to the total amount of money the federal government owes to creditors. As of 2025, it exceeds $34 trillion, fueled by consistent budget deficits where spending surpasses revenue. Major contributors include military expenses, social programs like Medicare and Social Security, and interest on existing debt. Economic shocks, tax cuts, and stimulus measures also impact debt levels. While borrowing helps stimulate growth and fund critical services, excessive debt may strain future budgets, raise interest rates, and hinder economic stability. Addressing the national debt requires bipartisan cooperation, responsible fiscal policies, and a balance between spending and revenue generation.