#USNationalDebt

The US national debt is a pressing concern, currently standing at approximately $36.56 trillion as of March 6, 2025. To break it down:

- *Total Federal Debt*: $36.56 trillion

- *Debt Held by the Public*: $29 trillion

- *Intragovernmental Holdings*: $7.4 trillion

The debt-to-GDP ratio is expected to rise from 99% in 2024 to 116% in 2034, driven by growing interest costs and mandatory spending. Key factors contributing to the growing national debt include ¹ ²:

- *Demographics*: America's aging population, with 10,000 people turning 65 daily until 2030, puts pressure on programs like Social Security and Medicare

- *Rising Healthcare Costs*: The US healthcare system is the most expensive globally, with costs nearly doubling those of other advanced nations

- *Inadequate Revenues*: The US tax system doesn't generate enough revenue to cover spending promises, leading to higher deficits and mounting debt

The consequences of a growing national debt are significant ²:

- *Interest Payments*: Over $2.6 billion spent daily on interest, with interest costs projected to nearly double in ten years

- *Reduced Investment*: Every dollar spent on interest means less resources available for vital programs and investments

- *Economic Burden*: Rising debt hinders future economic growth and stability

To address the national debt, policymakers must consider these factors and develop strategies to balance spending, revenue, and debt management ¹.